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Hector Ponomarev
Hector Ponomarev

Buy E Gold ((FULL))

Disclaimer: Gold prices above are indicative prices and are subject to change without notice. Please check for the latest pricing via CIMB Clicks or at any CIMB Bank branch before performing any gold purchase or sale transactions.

buy e gold

The biggest benefit of e-gold is that it allows investors to invest in gold with much lower denominations than physical gold. But, before going into details, let us understand the basics of Investing in gold in the electronic form.

E-gold is the process of buying gold electronically. To invest here, one should have a Trading Account with specified NSEL dealers. E-gold units can be bought and sold through the exchange (NSE) just like shares. Here one unit of e-gold is equal to 1 gram of gold.

If you hold this product for less than 36 months, then short-term Capital Gain tax is applicable as per the slab rates. And if e-gold is held for than 36 months, then e-Gold Capital gain tax applicable at 10 percent.

In Gold Mutual Funds you don't need a Demat account to invest. These funds invest in a Gold ETF floated by the same AMC (Asset Management Company). Investors can invest in Gold Mutual Funds through the SIP route, which is not possible when investing in the ETF or other gold investments.

As people are hesitant to visit jewellery stores and gold dealers, being able to procure gold online has come as a perfect solution to many investors. One Digital Gold trader, Augmont Gold Ltd. saw its businesses increase by 40-50% during the lockdown period.

Buying physical gold certainly has its downsides. There are issues of identifying its legitimacy and purity, then there are problems of safekeeping and storage. One more issue is that we are in the midst of a pandemic. It is not quite ideal to go out to gold dealers or jewellery stores.

Digital gold, on the other hand, can be bought online and is stored in insured vaults by the seller on behalf of the customer. It also helps us overcome all the aforementioned issues of physical gold purchases. All you require is Internet/mobile banking and you can invest in gold digitally anytime, anywhere.

Apps and websites like Paytm, G-Pay etc only provide a platform for metal trading companies SafeGold and MMTC PAMP. Once you invest in digital gold, these trading companies purchase an equivalent amount of physical gold and store it under your name in secured vaults.

There is little doubt that Gold as an investing class should make up a small part of our portfolios. But there are better options to invest in gold such as Sovereign Gold Bonds and Gold ETFs rather than going for Digital gold.

The key reason being that gold should be a part of a long term portfolio. In that sense, it is better to go with gold bonds as they pay an additional 2.5% interest. But since bonds are less liquid, for short term hedges, investing in Gold ETFs is a better option as they fall under the regulatory body of SEBI.

Considered to be the start of Diwali, Dhanteras is a celebration of wealth and prosperity. For decades, Indians have been visiting their local jewellers on this day to buy gold. It is considered the most auspicious day of the year to buy gold, which is why you will see huge crowds of women thronging jewellery stores, with men not far behind.

However, times are changing. There are multiple ways to buy gold these days, especially if you are looking at it from an investment perspective. So here are three non-traditional ways to buy gold this Dhanteras, which will prove profitable for you in future:

Traditionally, people have always preferred buying gold jewellery over any other valuables. However, gold used in jewellery is never 100% pure and also involves making charges. It may not be profitable if you decide to sell your jewellery in an emergency.

Investing in gold coins and bars may not be a completely non-traditional way to buy gold as it is still physical gold. But it is definitely a better option as the purity levels are 99.5% or higher and these coins and bars come with a BIS hallmark.

Gold Exchange Traded Funds (ETFs) are open-ended mutual funds that depend on the changing prices of gold. Investing in them gives you dual benefits as you are not only investing in gold but also getting the flexibility of trading in stocks.

The investment is low-risk and ideal for those who would like to diversify their portfolio. You can purchase gold ETFs online as they are very flexible and you can enter and exit easily. The investment needed is also very low; you can start with as little as one gram of gold.

Gold bonds are a safer alternative to physical gold as they eliminate the cost and risk of storage. Issued on behalf of the government by the Reserve Bank of India (RBI), these are securities whose denomination is calculated on the basis of the weight of gold. The weight mentioned in the bond is akin to buying and owning that amount of gold, albeit in demat and paper form.

HDFC Bank offers you two ways to invest in gold this Dhanteras. The first is the Indian Gold Coin, which comes with a BIS hallmark and is a first-of-its-kind offering promoted by the government. The second option is the Mudra gold bar, which is specially imported from Switzerland.

Both come with Assay Certification, which is accepted globally as a standard for gold purity. They are available in select cities and come with a host of security features that leave no scope for tampering. HDFC Bank is one of the few banks to have approval from the RBI to import and sell gold to its customers in India.

India is the largest importer of Gold in the world. Gold is not only a material of great value that is closely knitted with the Indian culture and tradition but has also been a time-tested investment option, which is very common among Indian households. With the emergence of the internet and the digitalization of the days, gold and the investment in gold in India also took the digital route.

Yes, it is digital gold now in place of the physical gold that is growing in popularity. Besides, a lot of gold investment companies and applications to purchase gold online are fuelling the growing demand for digital gold and making the investment in gold fast, secure and easy.

The Digital Gold can be bought online and will be stored in safe vaults until sold. Currently, there are 3 entities in India that provide Digital Gold. You can use certain platforms to digital gold purchase online but these 3 companies would have to be associated with those platforms.

The 3 companies in India are Augmont Goldtech Pvt. Ltd., MMTC-PAMP India Pvt. Ltd. and Digital Gold India Pvt. Ltd., which is sold under the brand Safe Gold. These companies purchase the gold and store them safely in vaults on behalf of the platforms.

Once your account is opened, you can log in and buy e-gold. You can trade from 10 am to 11:30 pm on weekdays. Your gold units would get credited to your Demat account in T+2 days (date plus one day).

PhonePe platform provides the promise of transparent pricing and assured quality and is one of the best ways to buy gold online. In PhonePe the users will have to login into their account and choose the Gold option which would be available in the My Money section. With PhonePe, the users to invest in Gold in terms of rupees or in quantity.

The Jar App is a daily savings platform that rounds off spare change of your digital transaction and invests it in digital Gold, all of this with zero manual involvement. For example: If you spend Rs. 23, Jar smartly rounds it off to the nearest 10 and automatically invests Rs. 7 in digital gold on your behalf.First of its kind, with Jar App, you can save while you spend. The entire process takes 45 seconds and you can start right after. Take the initiative to convert all of your spare change into digital gold effortlessly. You can now grow your wealth in 24K pure gold. Jar App enables you to save consistently with minimum hassle so that you are all prepared for the future. is one of the largest e-commerce platforms in India. It is a US-based company, which was founded in the year 1994. If you are looking for how to buy gold online with Amazon, then that is easy too.

The users can buy Digital Gold through the Amazon App on the Amazon Pay page or the users can search for it directly on the search bar. Once the users can log in, they can click on the gold vault icon and see the buy price at that time. The digital gold can be bought from the starting price of INR 5. The users can buy up to 30g of Gold without KYC.

HDFC is a financial securities company that is a subsidiary company of HDFC bank. HDFC securities was founded in the year 2000 and its headquarters are located in Mumbai, India. HDFC securities also allow its users to invest in digital gold.

Motilal Oswal is an India-based diversified financial service company, which also provides gold investment opportunities. The company was founded in the year 1987 and has its headquarters in Mumbai, India. Motilal Oswal allows users to purchase digital Gold at a starting price of INR 1,000. You can purchase 24k pure gold at the best price and keep it safe online.

Founded in September 2021, FinPlay is currently led by Ganesh Kumar Anegondi (Co-founder and CEO) and is built with the aim of simplifying long-term investing and is, therefore, great for first-time investors. The platform currently lists digital gold as the only asset but is planning to launch mutual funds and stock baskets in the months upcoming. "Democratise finance and wealth management for millennials in India" is currently the mission of FinPlay. The startup further aims to emerge as the go-to wealth platform for millennials who are just starting with their wealth creation journey.

FinPlay currently helps the users with the opportunity of buying digital gold. FinPlay extends easy ways to invest in 24K, 99.99% Pure Gold, which is 100% safe and secure and promises transparent pricing. The company also enables its customers and other investors to buy and invest in digital gold starting from Re 1 and is gearing up to become a major company that would let the users to invest in gold. 041b061a72


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