Buy digital gold on Akshaya Tritiya - Fusion - WeRindia

Today is Askhaya Tritiya. Akshaya means eternal and many people believe that if they buy precious things like gold, they will be blessed with affluent wealth.

Those who cannot afford lots of gold can buy at least a gram of gold to get the divine blessings.

There are many stories associated with Akshaya Tritiya.

Whatever legend was associated behind the tradition of buying gold, it is quite common for Indians to buy gold on this auspicious day.

Though majority of Indian women visit jewelry shops and buy ornaments, some feel buying digital gold is better in terms of security.

Keeping your gold at home is risky. You have to keep them in bank lockers for which you have to pay rental charges to bank.

Moreover, ornamental gold is bought at higher prices by adding making charges and wastage charges.

After some time, the old gold is sold at a different rate.

Even, the gold shops that are ready to buy, does so at a reduced price saying that the ornament has impurities in it.

Considering all these points, it is better to buy digital gold. First of all it is less risky.

Secondly, it is available for lower price than the ornamental gold and finally you can get the market price when you sell your digital gold.

Indian government introduced few digital gold schemes.

Sovereign gold bond is one such good scheme.

The bond of one gram is available for almost ₹90 lower than ornamental gold. You can also get interest on these bonds.

However, the last date for buying bonds of Series I finished yesterday itself. So, you cannot now invest in them.

But, you can buy digital gold under other schemes.

PayTm launched digital gold under which customers can buy their desired quantity of gold. Or one can buy it there for as low as ₹1.

There are several gold ETFs which can yield better returns. So buy digital gold on this Akshaya Tritiya!

Image by Matthias Wewering from Pixabay (Free for commercial use)

Image Reference: https://pixabay.com/fr/photos/lingots-or-m%C3%A9taux-pr%C3%A9cieux-s%C3%A9curit%C3%A9-2802608/