InvestorQ : Is it true that Digital Gold helps me to avoid the hassles of buying and holding physical gold?
Neelam Naik made post

Is it true that Digital Gold helps me to avoid the hassles of buying and holding physical gold?

Answer
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Priyanka N answered.
1 year ago


As the name suggests, Digital Gold is online gold in the strict sense of the term. You can actually execute the entire gold buying or selling transaction through 3 simple clicks on your laptop or your computer. The entire execution including the actual transaction, the debit to your bank account as well as the credit to your online Digital Gold account happens seamlessly. There is no involvement of physical gold at all in the entire process making the entire process largely peaceful and hassle free for you. What is more, you can use the same logic to sell your gold of similar specification to MMTC and receive funds against the same. When you buy physical gold you need to look at storing the gold, transporting the gold, paying for the lockers etc. Here you overcome all these problems.