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    Friday, August 16, 2019

    Importance of Digital Gold in the coming future | CoinBazaar India

    If you have come across the term Digital Gold which is also known as “Digi Gold” but don’t understand the whole concept of this then we suggest you read this blog thoroughly.

    Digital India is a campaign which was launched on 1 July 2015 by Honorable Prime Minister of India, Shri Narendra Modi, to enforce a cashless economy and to eradicate black money. Due to this campaign, India now has over 500 Million Internet users which has been surprisingly bumped because of rural India. Earlier only urban areas of India were dependent on the internet because it was mostly effectively available to them, but to execute digital India campaigns connectivity has been improved in rural areas as well.

    Out of the 500 Million Internet Users

    ·Urban Areas: 293+ Million Users
    ·Rural Areas: 200+ Million Users

    Initializing the infrastructure is the base to all branches of digital platforms, we all use the internet and buy groceries, tickets, electronics online but have you ever thought about buying Gold online?

    Digi Gold is the platform which will help users to buy Gold at the ease of their fingertips.

    Will Digital Gold be the future of Gold?

    It is hard to conclude at this very moment but certainly when people are exposed to the platform where users can buy Gold 24 hours a day, 7 days a week, 365 days a year, we are sure that Digi Gold would be their preferred choice.

    How does digital gold work?

    You can purchase Gold for as low as Re. 1, which is one of the best things about digital gold. If budget is a constraint and you are unable to buy 10 Gram Gold bars then digital gold will eliminate this issue. After you have bought your Gold, it will be stored in secured lockers by Global Bullion handlers, so no issues regarding storing and securing your Gold, unlike Physical Gold. If you want to request delivery of the accumulated gold you can do so whenever you want, no boundaries for redemption unlike Gold Bonds!

    Gold SIP is another option which can be opted online, it gives the consumer the ability to contribute some amount every month for a fixed period of time, instead of putting a large amount at once a Gold SIP can be preferred.
    The concept of Digital Gold removes any third party to interfere with the quality of the metal hence any security concern can be eliminated. It will be easier for consumers to monitor their buying price and check the profit before selling by checking their purchase history.

    These points can help you understand the importance of Digi Gold:

    ·Can Save from as low as Rs.1 & can save whenever Extra Savings.

    ·Equivalent amount of Physical Gold Stored as per your DigiGold.

    ·Price transparency.

    ·Secured Lockers of Global Bullion handlers and Immediate Delivery on Request.

    ·Purity concerns eliminated.

    ·Can be bought/sold online 24x7x365.

    ·No hassle of storage of Gold.

    ·Backed by Trust & Audit of Trusteeship.

    ·Digital payments via secure gateways.

    ·No extra making charges or fees.

    In conclusion, we highly support Digital India and the campaigns led by our Hon'ble Prime Minister, Shri Narendra Modi. We recognize this digital movement to decrease economic strains which will prosper our nation’s developing economy.


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