Gold has always been one of the best options for Indians to invest in. Whenever people think about investment most people think about investing in digital gold. Investment in gold is not just for wealth but it is also related to Indian culture. Today, digital gold is also one of the best options for investment but lots of people are confused about whether they invest in digital gold or physical gold.
Digital gold is a financial asset that is equal to physical gold, Here we will see some best platforms to buy digital gold.
Here is the list of the Top 10 Best Platforms to Buy Digital Gold In India for 2024
Jar is a daily savings application that helps in saving your money, it helps in making investment habits. It automatically invests spare change from transactions in digital gold. Here, the minimum investment is Rs 1. Where you can redeem your investment into your e-wallet at any time.
Apart from this it also offers a game to its investors on every transaction and earn cashback which you can invest in digital gold. So in every investment, you save money and invest it in gold. You can buy and sell gold anytime as well and you can also exchange with physical gold.
DigiGold is one of the prominent platforms for purchasing digital gold and silver. According to the company they sell gold and silver of 24K and 99.9% purity. Here, users can buy gold and silver with a minimum investment of just Rs 1 at live market prices. Additionally, users can also start in SIP in gold with just Rs 500.
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Apart from this you can easily sell the gold anytime or convert it into physical gold. However, the best thing is that there app doesn’t charge any delivery fee and delivers the gold in 3-5 days.
Jupiter Money is a Mumbai-based digital retail banking application where that helps users manage their finances. Apart from tracking expenses, it helps users save in pots, the app provides a diverse range of investment options, One of them is digital gold which is provided with the help of partnering with MMTC-PAMP.
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With the help of Jupiter money users can easily invest in digital gold with 24K 99.9% purity. However, users can buy and sell gold anytime and anywhere in a single swipe. This App Automate saves a few amount of gold every day, week, or month.
MMTC-PAMP Digital Gold
MMTC-PAMP is a collaborative venture between Switzerland-based bullion brand PAMP SA and MMTC Ltd. It is an Undertaking by the Government of India.
The app helps its users invest 24K 99.9% pure gold. The investment can be made in grams of gold or by the value of gold. Once you invest, the app automatically sends you an invoice. You can easily show the value of your digital gold in your account and you can easily convert it into physical gold.
Airtel Payments Bank
Airtel Payments Bank helps in buying digital gold of the highest purity (24K 99.9%) on its platform.
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To buy digital gold, it is compulsory to have an Airtel payments bank savings account. The minimum investment amount is Rs 1. Users can buy gold in grams. Users can also gift gold to their loved ones.
With the partnership with MMTC-PAMP, Google Pay sells digital gold on its platform. Here, you can sell, purchase as well as exchange digital gold. The application helps you to invest in digital gold of 24K 99.9% of purity.
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Once you purchase digital gold, they deposit your Gold into Gold Locker on Google Pay. You can also convert digital gold into physical gold.
Groww is a direct mutual fund as well as a stock investing app. It helps you to invest in financial assets without any paperwork in just a few minutes.
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In collaboration with Augmont Gold, it provides its users with the opportunity to invest in Gold. All the transactions related to digital gold are directly affiliated with Augmont Gold.
Paytm is one of the popular payment apps. It provides multiple types of services such as money transfers, bill payments, and checking credit scores. Users can invest in digital gold of 24K 99.9% purity, mutual funds, the National Pension Scheme (NPS), and others.
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It partnered with MMTC-PAMP to offer digital gold. When users buy digital gold they secure your gold into MMTC-PAMP’s protected vaults.
Tanishq is a product of Tata and one of the largest jeweler platforms. They also provide digital gold with the partnered with SafeGold.
They provide digital gold on their app and website. with a minimum amount of Rs 100, you can purchase 24k digital gold. As well you can also sell digital gold anytime, anywhere at their physical stores.
5Paisa is one of the well-known stock market trading apps which is best for traders and beginners. It helps you to invest in digital gold without any hidden charges.
With a minimum investment of Rs 50, you can buy digital gold and also sell them easily.
There are lots of platforms that provide convenient and reliable options for digital gold. Each platform comes with its unique features and benefits. These platforms provide flexibility to buy digital gold. With their user-friendly interface, lots of users are interested in digital gold.
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Frequently Asked Questions (FAQs)
What is digital gold?
Digital gold is like an asset that is equivalent to physical gold.
Who founded 5paisa?
5paisa is founded by Prakarsh Gagdani.
Which are the Top 10 Best Platforms to Buy Digital Gold In India for 2024?
DigiGold, Jar, Google Pay, Groww, Tanishq, Paytm, 5Paisa, Airtel Payments Bank, and Jupiter Money are the Top 10 Best Platforms to Buy Digital Gold In India for 2024.