English

What is digital gold? Know advantages, uses, rates and more

English

What is Digital Gold?

Digital gold refers to a financial product that enables individuals to buy, sell, and invest in gold through digital platforms or mobile apps.

Image credits: Pexels
English

Accessibility:

Enables small-scale investments, making precious metals accessible to a broader audience.

Image credits: Pexels
English

Affordability:

Eliminates the need for large capital, allowing individuals to invest in smaller denominations.

Image credits: Pexels
English

Convenience:

User-friendly platforms offer easy buying, selling, and monitoring of digital gold investments.

Image credits: Pexels
English

Security:

Investments are often backed by physically stored gold in secure vaults, ensuring a level of safety.

Image credits: Pexels
English

Liquidity:

Quick conversion to cash provides high liquidity, offering flexibility to investors.

Image credits: Pexels
English

Diversification:

Allows for portfolio diversification by including a traditional asset alongside other investments.

Image credits: Pexels

Bank Holidays in February 2024: Know when banks will remain closed

Interim Budget 2024: Where did the word 'Budget' come from?

Budget 2024: 7 terms to know ahead of FM Sitharaman's announcements

Interim Budget 2024: Common man wishlist for FM Sitharaman