Purchase: You can buy gold online through apps or platforms that offer digital gold.
Storage: The gold is stored in secured vaults by the provider, so you don't need to worry about safekeeping.
Sell or Redeem: You can sell your digital gold anytime for cash, or redeem it for physical gold in the form of coins or bars.
Popular digital gold investment apps in India
There are many digital gold investment apps available in India, including:
1. Gullak
Gullak is one of the most popular digital gold investment apps in India. It allows users to invest in 24K 999 purity gold in small denominations, starting from Rs. 10. Gullak also offers a unique feature called Gold+, which allows users to lease their digital gold and earn an extra 5% gold returns every year. This means that users can potentially earn up to 16% returns on their gold investments on Gullak.
Here are some of the key features of Gullak:
Easy to use: Gullak has a user-friendly interface that makes it easy for anyone to invest in gold, even if they are new to investing.
Flexible investment options: Gullak offers a variety of investment options, including daily savings, save on every spend, and top-up. This allows users to invest in gold in a way that suits their needs and budget.
Secure: Gullak is a secure platform that uses the latest security technologies to protect users' investments.
Affordable: Gullak does not charge any commission or fees on gold investments. This means that users can get the full value of their investments.
How to invest in digital gold on Gullak:
Download the Gullak app from the Google Play Store HERE
Create an account and verify your PAN aSelecndt the investment option that suits you best.
Add money to your Gullak wallet using UPI, Paytm, or other payment methods. Start investing in gold
Benefits of investing in digital gold on Gullak:
Liquidity: Digital gold on Gullak is highly liquid. Users can sell their gold anytime they want, at the current market price.
Convenience: Digital gold is convenient to buy, sell, and store. Users do not have to worry about the hassle of buying and storing physical gold.
Affordability: Digital gold can be purchased in small denominations, starting from Rs. 10. This makes it an affordable investment option for everyone.
Transparency: Gullak is a transparent platform that provides users with real-time information about the price of gold and their investment value.
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