Buying gold this Diwali, Dhanteras? Check top 5 advantages of digital gold investments

Gold being a precious item requires a space for storage. If bought in large quantities, investors, sometimes, have to pay for bank lockers to keep it safe. But investing in digital gold does away with all such storage issues, as the gold is kept in the digital form which can’t be stolen. 

Investors planning to put their money in digital gold can start investing as little as Rs 1. Several dgital payments app are offering the facility to investor to invest as little as they want to kickstart their investing journey.

Customers buying digital gold can choose the purity of the metal at the time of investing. Investing platforms offer several options such as 18-carat gold, 22-carat gold and 24-carat gold. Investors can select the gold purity before investing. 

Investors selling digital gold within 36 months of purchase don’t have to pay tax on the gains. This makes digital gold one of the most tax-friendly investing options. However, if an investor sells gold after 36 months, then capital gains tax is charged at 20% on returns, along with 4%.

Investors can also choose the option to convert their digital gold to physical gold whenever they want. Most of the investment platforms provide the home delivery facility to their customers. However, they will need to invest a minimum amount in digital gold before ordering it home.