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.
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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 ...
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. ...
What are the steps to sell digital gold on SafeGold ?
To sell digital gold on SafeGold, follow the below-mentioned steps- Visit : https://www.safegold.com/ Click on the Login button Enter the OTP sent to the mobile number After logging in, the balance will be updated with SafeGold, Then, select the ...
How can I track my digital gold purchased on 5paisa?
Digital Gold services are no longer available on the 5paisa platform. Therefore, we have migrated all users to the SafeGold platform (SafeGold.com), where you can continue to securely hold digital gold investments. Digital gold bought by you is ...