What Are Some Of The Ways To Buy Digital Gold For Investment?
In this article, we will discuss some of the ways to buy digital gold in India & also introduce the Spare8 as an option.
Digital gold is an investment option that has gained significant popularity in India over the past few years, thanks to the convenience of digital gold investment apps and gold investment apps, which have leveraged the rise of digitalization and the increasing use of technology in financial transactions. Buying digital gold has become an easy and convenient option for investors. In this article, we will discuss some of the ways to buy digital gold in India and also introduce the brand Spare8 as an option.
One of India's most popular ways to buy digital gold is through mobile wallet applications. These apps allow you to buy gold in small denominations, which is stored in secure vaults by the service provider. Some popular mobile wallet apps offering digital gold investment options include Paytm, PhonePe, Google Pay, and Amazon Pay.
Another way to buy digital gold in India is through gold investment apps. These apps are specifically designed for investing in gold, and they offer a range of investment options such as buying and selling gold, SIPs, and one-time investments. Some of the popular gold investment apps in India include Spare8, Augmont, and Paytm Gold.
Apart from mobile wallet apps and gold investment apps, there are also online platforms that allow you to buy digital gold. These platforms offer a range of investment options, including gold ETFs (exchange-traded funds), gold funds, and gold bonds. Some of the popular online platforms for buying digital gold in India include the National Stock Exchange of India (NSE), the Bombay Stock Exchange (BSE), and the Multi Commodity Exchange (MCX).
Spare8 is a fintech startup that was built to revolutionize the way Indians save and invest. Being one of the first micro investment platforms that has leveraged upon the UPI 2.0 stack, Spare8 puts the power of gold saving right at your fingertips!
With Spare8, you can purchase gold in small increments, making it easier for anyone to invest, regardless of their financial situation. Stay up-to-date with real-time market updates and instant access to account information, all at the touch of a button.
It’s more than just a platform - it's a vision. The vision being to make "Spending the new Investing", users also earn rewards by playing slot games for every rupee invested.
By leveraging upon the UPI (Unified Interface Payments) stack, Spare8 has been able to create one of the fastest on-boarding processes ever (< 30 secs). No KYC, no scanning of documents, no bank details required for users to start their investment journey.
The app let’s users invest as little as Re.1, which makes it accessible to a wider range of users. Additionally, Spare8 offers features like automatic round-ups and recurring investments, which help users grow their investments over time. This is a simple and hassle-free way to invest in gold, and Spare8 ensures that the gold is stored in secure vaults.
When it comes to investing in digital gold, it is important to do your research and choose a trustworthy service provider. Look for providers that offer secure storage options, transparent pricing, and a user-friendly interface. Additionally, it is important to keep track of the gold prices and invest wisely.
In conclusion, digital gold is an attractive investment option for investors in India. With the rise of digitalization and the increasing use of technology in financial transactions, buying digital gold has become an easy and convenient option. There are various ways to invest in digital gold, including mobile wallet apps, gold investment apps, online platforms, and innovative startups like Spare8. So, do your research and choose the option that suits your investment needs and preferences.
