You can start investing in gold through the MobiKwik app. The process is completely automated, all you have to do is mention the amount and select your investment period and plan. MobiKwik is a truly Indian payment application that also offers financial services such as mutual funds and digital gold. There are two ways to buy gold digitally: gold ETFs and Gold IRA Research funds. There are a lot of gold schemes on the market, which are mainly traded by jewelers.
These schemes work like a SIP in which you deposit a certain amount of money each month in a jewelry store. The plan can last 11 months, 2 years, etc. Once the plan expires or expires, you can buy the gold for the amount invested. However, we recommend that you exercise caution with this form of investment.
This initiative was launched with the aim of offering an alternative investment option to the possession of gold. Investing a fixed sum of money regularly in gold at specific intervals would reduce the average cost of buying the asset in the long term. Investing through SIP is a convenient option for people who do not have a Demat account, which is necessary to invest in gold ETFs. With this investment option, you don't buy or own physical gold, but you expose yourself to gold's performance in the market.
In general, investment in digital gold is backed by real physical gold, since these platforms are linked to gold traders or manufacturers. Therefore, gold can now be bought and sold or invested in multiple ways (physical gold, gold bonds, digital gold, etc. Gold as an investment has traditionally been a reference option, considering the reverse trend that follows compared to the stock market). If a person plans to opt for a long-term investment, they can choose gold SIP instead of investing a lump sum.
A SIP in gold is also more affordable because the investor can deposit a fixed amount each month according to their convenience and budget. That said, there may be times when the price of gold actually falls, but those phases don't last long. With the evolution of technology, many fintechs of the new era are now offering innovative options for investing in gold. In these transactions, you can exchange the return value of your investment or make use of the physical delivery of gold for that value.
