I want to know some websites or ways through which I can invest in digital gold or silver?
26 Replies
Prachi Bansal
(3129 Points)
Replied 15 April 2021
Can I directly trade through Paytm or a bank's app to digital gold? Do I get any benefit if I apply to digital gold through these apps?
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 16 April 2021
Is gold trading more than crypto’s?
Prachi Bansal
(3129 Points)
Replied 18 April 2021
Are you meaning to ask whether gold is traded more than cryptocurrenices?
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 19 April 2021
Somewhat, but what is trading higher was my query
Prachi Bansal
(3129 Points)
Replied 19 April 2021
I think in India people are more aware of gold investments hence digital gold is more traded in India. People lack knowledge about cryptocurrency and hence haven't really started investment in cryptocurrency as such. In 2021 the trend of investing in cryptocurrencies has grown and hence the investment too
Akshay Poriya
((artical assistant))
(313 Points)
Replied 11 June 2021
investing in digital gold by two ways either invest in gold bees or purchasing of gold bond, if you are a cliant of motilal oswal financial services ltd, then you can directly buy digital gold which are offered by mosl with partnership of mmtc. if you want to invest in gold bees then many amc company offering it say hdfc amc , uti amc , nippon india life amc etc. on it you can earn return in terms of dividend or gain on price change, also can invest in sovergin gold bond which are issed by government .
Prachi Bansal
(3129 Points)
Replied 13 June 2021
Is the sovereign gold bond issued by the government good?
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 13 June 2021
This is one of the risk free bonds I guess where the yield will not be more than speculative investment. Go through different yield curves to understand short term and long term yeilds
Akshay Poriya
((artical assistant))
(313 Points)
Replied 13 June 2021
sovergin gold bond indirectly issued by rbi on behalf of government so, it is indirectly issued by government.
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 13 June 2021
They can be issued by primary and secondary markets. Most of of trading is like that.
Prachi Bansal
(3129 Points)
Replied 13 June 2021
I think the interest will also be limited or less when talking about sovereign gold bonds?
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 13 June 2021
Yes the returns are lower compared to equity
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 13 June 2021
I read on the internet and the gold returns is close to 2.75₹ pa and TATA steel final dividend is 25₹.
Prachi Bansal
(3129 Points)
Replied 15 June 2021
I think the returns mentioned on the internet seem too low. I think long term investment in gold is much more beneficial then
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