All You Need To Know About Saving In Digital Gold

If you're considering buying digital gold but want to do your research beforehand and understand everything about it, you've come to the right place. This guide will provide you with all the information you need to get started and make an informed decision.

Let’s get started. 

1. Convenience 

Digital gold is a popular option for those who want to invest in gold without the hassle of purchasing and storing physical gold. With digital gold, you can buy and sell gold from the comfort of your home without the need for safekeeping. The process is simple: you choose the amount of digital gold you want to buy, and the appropriate amount of real gold is bought electronically and held in a vault on your behalf. You can sell your gold at any time, or ask for delivery with no additional fee.

2. Taxes on Digital Gold  

When it comes to taxation, digital gold is treated similarly to physical gold. If you hold digital gold for less than 36 months, you will not incur any tax on your returns. However, holding it for a longer period may result in a long-term capital gain or loss for certain categories of taxpayers.

3. Digital Gold To Physical Gold

Digital gold can also be converted to physical gold, making it a versatile investment option. You can even invest as little as 1 rupee, making it accessible to everyone. Digital gold can be used as collateral for online loans and exchanged for jewellery or digital coins.

 Conclusion 

Digital gold is a convenient and cost-effective option for saving in gold. With its ease of purchase, no need for safekeeping, and versatility, it's a great way to secure your future. 

However, if you are looking forward to purchasing digital gold online in India, make sure the platform is transparent & trusted. You can get started with DigiGold platform as we are India’s most trusted platform for buying gold & silver.