Celebrate Dhanteras online this Dhanteras; these 5 apps sell 24K gold.

Buy 24K Gold Online on Dhanteras: If you're looking to invest in digital gold this Dhanteras, we're going to tell you about 5 apps where you can invest in digital gold.

Buy 24K Gold Online on Dhanteras: Dhanteras marks the beginning of Diwali. Tomorrow, October 18th, is the festival of Dhanteras. It's customary to buy gold and silver on this special occasion. Markets and jewelry stores are crowded on this day. If you want to avoid these crowds, digital gold is a good option. You can buy gold online and store it safely without leaving your home. Let's find out what digital gold is and where you can buy it.

What is digital gold?

Digital gold means a digital way to buy gold. If you think that buying digital gold means buying gold online like any other commodity, you're wrong. Buying digital gold doesn't mean buying gold online, but rather investing in it online. Simply put, digital gold is an online investment option that allows you to buy and store gold digitally (in an online account) instead of physically possessing it. You can also sell it online.

When you buy it, trusted partners like Augmont, MMTC-PAMP, and SafeGold store the equivalent amount of 24-carat gold in a secure vault in your name. A digital receipt is sent to you, allowing you to track the transaction.

Which apps can you use to buy digital gold?

If you're planning to invest in digital gold this Dhanteras, you can do so through these apps:

Groww: Through its partnership with Augmont, Groww allows its users to buy and sell digital gold. You can also invest in digital gold through Groww. To do so, open the Groww app and click on Explore. Then, click on the Gold option. In the Buy Order window, enter the required quantity or grams of gold to invest in and confirm.

Amazon Pay: Amazon Pay collaborates with SafeGold, allowing you to purchase digital gold through Amazon Pay. Open the Amazon app and click on the Amazon Pay icon. Click on the 'Digital Gold' icon to view the current purchase price. Then, confirm the number of grams of gold you wish to purchase, or its value in rupees.

PhonePe: PhonePe is in partnership with Caratlane, MMTC-PAMP, SafeGold, and Jar for digital gold purchases. Therefore, you can also purchase digital gold through PhonePe. When you open PhonePe, you'll find the "Digital Gold" option on the home page. Clicking on it will open a new page. The new page will display the "Buy Now" option for 24K Gold. Clicking on it will open the purchase option.

Google Pay: Google Pay is in partnership with MMTC-PAMP to facilitate digital gold purchases. To do this, open Google Pay, type "Gold Locker" in the search bar, and then click on the "buy" option.

Airtel Payments Bank: Airtel Payments Bank is also in partnership with SafeGold, allowing you to purchase digital gold through it. However, you must have an active Airtel Payments Bank savings account.

What are the benefits of buying digital gold?

Advantages of buying digital gold:

No hassle of storing gold
Low investment (you can start investing with as little as 1 rupee)
Liquidity (can be converted to cash at any time)
Digital gold is 24K and 99.9% pure.

What are the disadvantages of digital gold?

Disadvantages of digital gold:

Converting digital gold into coins or bars involves additional charges for minting, delivery, and minimum weight requirements.

Gold is subject to GST and other charges.

It is not regulated by the RBI (although companies provide security and backup).

Gold ETFs or sovereign gold bonds are considered better for the long term.

Is investing in digital gold safe?

Yes, investing in digital gold is safe. But only if you buy it from the right platform, that is, from a reliable and trustworthy site.

Disclaimer: The information provided here is based on general information. In such a situation, before investing in digital gold, get complete information and always buy from a trusted site.