How Digital Gold Works

by Safe Gold Buy Gold Online India

Buying and Selling Gold Should be Easy, But it’s Not

Gold is globally revered for its beauty and its value as a financial asset. In India, we have an even deeper relationship with buying gold, given the central role it plays in important cultural and religious occasions, going far above its value as purely a financial investment.

However, the act of buying and selling gold is fraught with difficulties for the average consumer.

•          Gold is an expensive purchase and as such, the buyer needs to accumulate a large sum money to purchase even small amounts of gold through conventional channels.
•          Gold must be kept secure in household safes or bank lockers, which cause additional expense and stress for the buyer.
•          The gold market has little transparency on price, and gold purchases often come with additional charges and fees that make it an unprofitable exercise.
•          Selling gold can be a tricky proposition. Not all dealers will buy your gold, and those that do may offer varying prices and associated charges. The average consumer has little choice or flexibility.

 

Thanks to Technology, We Now Have a Better Alternative – Digital Gold

Digital gold allows average consumers to transact in gold without needing to take physical possession of the gold right away. The buyers can accumulate his gold holdings in small increments and choose to take physical delivery at a time of their choosing.

SafeGold is the leading provider of digital gold services in India. It can be accessed through SafeGold’s partner platforms like ICICI Bank, PhonePe and Paisabazaar (to name a few), or directly by creating a free account on the SafeGold website.

The process is simple, safe and secure. It is designed with the consumer’s convenience and safety in mind. SafeGold has partnered with leading organizations like Brinks Security and IDBI Trusteeship Services to ensure full transparency and third-party oversight to protect the interests of the consumers.

It’s as simple as 1-2-3. Here’s how it works.

 

A Step-by-Step Guide to How Digital Gold Works

Step 1: Buying Gold

Visit the SafeGold website and login or create a new account, or login to your account with a SafeGold partner. Once you enter the main account area, you can check the current market price and buy Gold immediately.

You can choose to purchase gold by the amount (starting from one Rupee) or by weight. After making your selection, you can review your order and finalize your purchase.

That’s it! The gold will be credited to your account and your balance will reflect your gold holdings immediately.

 

Step 2: SafeGold buys and secures your gold

SafeGold will purchase physical 24k gold from the market and transport it for storage to a Brinks-operated vault for safekeeping. The transport and vault are secured by industry-leading security technology and best practices based on Brinks’ decades-long international experience.

Your gold holdings (and those of all other SafeGold customers) will be periodically audited by IDBI Trusteeship Services to ensure that the amounts and quality of the gold holdings match your account status.

All this happens in the background at no additional charge to you. So you can sit back and rest assured that your gold is both pure and secure.

 

Step 3: Selling, gifting or converting your gold

If you want to redeem your gold holdings, SafeGold allows you a choice of redemption options so that you can choose the one that works best for you.

•          Selling Gold: Just as easily as you purchased your gold, you can check the current market price and sell all or some of your gold holdings at the tap of a button.
•          Gifting Gold: You can also choose to gift gold to another user on the same platform, giving you a quick and hassle-free option to share a gift more meaningful than just cash.
•      Conversion to Gold Coins: You can also convert your digital gold into physical gold coins or gold bars with SafeGold. All you have to do is choose the amount of gold to be converted and SafeGold will handle the minting and deliver your gold coins right to your doorstep.
  
•          Conversion to Jewellery: Jewellery is one of the main reasons why people accumulate gold over time. Now, with SafeGold you can build up your gold holdings until you are ready, and then directly convert it into jewellery with some of the best jewelers in the country like Candere and CaratLane.

It’s that easy! With SafeGold, it is easier than ever to buy and sell gold in India. The ability to gift gold or convert it into coins, bars and jewellery allow for the flexibility to choose how and when you want to redeem the gold. All this, without the worry of physically storing and securing your gold holdings.

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Created on Nov 6th 2019 04:06. Viewed 933 times.

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