How is buying gold from 5paisa is better than buying gold from a jeweler?
Note: Digital gold purchase/ buy transaction on 5paisa has been suspended.
Buying Digital Gold has certain advantages:
- Convenience: Buy gold for any Rupee value, starting @ ₹50 and accumulate your gold
- Pricing: Buying gold from jewelers involves making charges and markups above the market price of gold. Also, deposit schemes that accept money do not buy gold for the amount deposited on the date of the instalment; instead, they buy at the time of withdrawal when prices could vary. Buying Digital Gold on 5P Invest allows you to average out the buying price
- Safety: The purity of gold bought here is assured. You will get certified 995 purity gold only!
- Liquidity: When you buy gold in coin or jewellery form, it is hard to sell it off in a time of need. Even if you do manage to, you may end up paying several charges which leads to a much lower value for your gold. On 5paisa you can conveniently sell off your gold at the prices displayed and get your money back to your bank with ease.
What is digital gold?
Digital gold is a virtual method of buying and investing in yellow metal without having to physically hold the gold. Note: Purchase of digital gold is suspended on 5paisa App & Website
How is digital gold investment better than other forms of gold investment?
Investing in digital gold has the following perks then the other forms of gold investments- You can take physical delivery of the gold to your doorstep. You can invest an amount as low as ₹50 Digital Gold can be used as collateral for online loans. ...
Does 5paisa have any additional charges for buying gold?
The price of gold displayed at any given time is inclusive of the cost of gold (as per market rate per gram), any operational expenses, and 5paisa’s commissions. Apart from this the only charges applicable are- Delivery charges for minting and ...
Notice- Migration of Digital Gold Services
Effective immediately, the 5paisa platform no longer offers Digital Gold services. However, necessary steps have been taken to ensure a seamless transition for our valued customers. Your Digital Gold holdings have been successfully migrated to ...
How can I Buy GOLD on 5paisa?
Digital gold purchase/buy transaction has been suspended on 5paisa. Users are requested to withdraw the gold from the vault either by selling it or getting it delivered in the form of a coin. To know how to sell digital gold via 5paisa, click here! ...