Ways to Find the Right Place to Buy Gold Online

Investing in gold is still one of the best investments available to an investor for accumulating wealth over time. Gold is not just wearable as jewellery but it can also work as a tool for ensuring a secure financial future. The traditional way of investing in gold is through buying physical gold from a jeweller and selling it in times of need, a change in preference for that style of jewellery, or when the gold prices rise. 

While it is a tried and tested process, it comes with a catch: you have to secure and protect your gold on your own. The whole process right from visiting a jeweller, to buying the gold, then securing it in either bank lockers or at home and then again going through the whole process to sell it, seems redundant in this technologically advanced world. It really is a wonder why everyone doesn’t buy and sell gold online.

However, people buy jewellery, gold coins, biscuits and even buy gold bars online in India, without caring enough to focus on important details like price and quality at times – such is the pulling power of gold. You should make sure that anyone you buy from online, offers you trust, convenience, good rates and the confidence you are getting exactly what you pay for! Ensure they have a strong reputation, good reviews and a track record that you can believe in. Remember to do your research! 

Gold purchase in any format can be a good investment but investing in gold online in particular can be very rewarding. With digital gold, you have the added bonus of enormous flexibility. 

Safety: Unlike physical gold, your purchases here are safe from theft or loss. SafeGold for example, works with partners such as Brink’s India, the world leaders in vault management, to ensure that your gold is stored securely in their world-class vaults, and SEBI registered IDBI Security Trustees, whose role it is to protect the customer’s interests at all times.

Convenience: You can buy digital gold at a moment’s notice from your mobile phone 

Physical Delivery: You can convert your investment into 24-karat coins and bars whenever you want to, and have it delivered to your home. You can also take your digital gold holdings and redeem them with Jewellery partners like Candere & CaratLane as in the case with SafeGold.

Liquidity: You can sell your gold at a market linked rate at any time, and never lose out on sunken costs on making charges, etc. like with jewellery

Gift: A much newer concept, but gifting gold is through a few taps on your phone is a reality! It has far more weight than regular gifts (no pun intended), while also leaving the receiver with all the options in this section (It’s scary to buy expensive jewellery only to find out the person doesn’t like it – fashion and taste is subjective!)

Flexibility: If you’re worried about being able to afford a sizeable quantity worth of gold at one shot, digital gold also offers purchase through SIP. Much like its better-known Mutual Fund cousin, the principle behind this is to allow investors the opportunity to purchase as much as you’re comfortable with, at the frequency you prefer. This is the best option from a disciplined savings perspective, since you slowly accumulate towards long term savings without breaking the bank.     

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Created on Dec 9th 2019 05:33. Viewed 427 times.

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