What is the benchmark for the Price of digital gold? Can MCX be taken as a benchmark?
MCX cannot be considered as a benchmark for the prices of digital gold. MCX gives the prices of a futures contract which doesn’t give the landed prices by factoring in cost of logistics, insurance, safekeeping, etc. MCX also does not include pan India delivery and based on the contract it gives delivery at only a few locations like Mumbai, Ahmedabad, Delhi, etc. 5Paisa gives delivery across the country, and includes the cost of storage, insurance, trustee fees and gives you the landed, complete price of Gold. Also, the gold price quoted in newspapers and on various websites is the wholesale price in multiples of 1kg of gold. 5paisa gold price is valid for fractional grams and therefore is not directly comparable.
What is digital gold?
Digital gold is a virtual method of buying and investing in yellow metal without having to physically hold the gold. You can buy it online through 5Paisa App or website. To buy Digital Gold on 5paisa you need to visit Buy Gold on 5Paisa App or visit ...
At what price is digital gold sold/bought from customers at 5paisa?
5Paisa provides the most competitive & lowest possible gold prices to its buyers. The price of Gold is always shown upfront to you while buying or selling gold. 5Paisa will publish a live buy-sell quote for customers which will be derived from the ...
How can I track my digital gold purchased on 5Paisa?
Digital gold bought by you is stored in a digital vault. You can track the details of the gold purchases done in the vault section at our platform. This will display the total grams of gold accumulated by you till date, individual purchase history ...
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. ...
How can I Buy GOLD on 5paisa?
To buy Digital Gold on 5paisa you need to visit Buy Gold on 5Paisa App or visit https://digitalgold.5pinvest.com/ Follow the below steps: You can see Live Gold Price (current buying price) per gram You can decide the number of grams or amount of ...