MMTC-PAMP Digital Gold is one such secure online investment instrument that allows you to invest in 24 Karat, 999.9 purest gold digitally via your preferred payment app.
The gold you buy online is allocated as physical gold under your direct ownership and stored within fully insured, certified vaults located on MMTC-PAMP’s highly secure premises.
By investing in digital gold, it makes it easy for investors to conveniently resell gold holding at current market value instantly without incurring any extra fees.
They managed to break through the Rs 50,000/10gm mark in July 2020, following the March crash caused by the COVID-19 lockdown, and is now again on the way up.
You can invest small amounts of money over time in a high-return asset like gold, allowing one to develop a stable investment portfolio and protect your financial future.
If you have access to wealth management services, you can also speak to your relationship manager at firms like Aditya Birla Capital, Fisdom, Motilal Oswal and HDFC Securities.
Gold investments have throughout the years been touted to be a resilient and stable option and have found a favorable place in portfolios spanning generations.
As the average age of the investors keeps changing, so will their preferred way of investing.
You can redeem your digital gold for physical units at any given time.