Digital Gold Investment: Today's new generation is investing in digital gold. It is believed that Gen Z will play a significant role in India's gold market in the near future. Learn the full story.
Gen Z is buying digital gold for Rs 100.
Gen Z Digital Gold Investment: People often consider saving and investing alongside earning money, as these savings will come in handy after they retire. Therefore, in India, gold is not only viewed as a jewelry item but also as a good investment tool.
Gen Z isn't just limited to Reels and social media, but today's millennial generation is also investing in digital gold. Therefore, many people may not be aware of digital gold. Did you know that investing in digital gold is quite inexpensive, starting at just ₹100?
Gen Z is changing the face of the gold market.
According to the World Gold Council's (WGC) Golden Flight 2047 report, Gen Z will play a significant role in India's gold market in the near future. With today's generation's growing investment savvy, Gen Z is also considering gold as a good option for growing wealth.
According to the report, Gen Z is now increasingly interested in digital gold, gold ETFs, and sovereign gold bonds (SGBs) rather than buying gold and jewelry. Digital gold has made it easier for young people to invest with less money. This has also reduced the worry of storing gold at home.
What are the benefits of buying digital gold?
- Its biggest advantage is that investment in digital gold can be made for Rs 100.
- Along with this, most of the platforms provide 24 carat 99.9 percent pure gold.
- Whereas when you buy digital gold, it is kept in a safe vault.
- There is no need to keep it in a locker or at home.
- If needed, you can sell it anytime.
- If you want to keep gold at home, you can later get it delivered to your home in the form of coins or gold bars.
Can you really buy digital gold for Rs 100?
If you want to buy digital gold then its process is quite easy.
- For this, first of all you open apps like PhonePe, Paytm, Google Pay or Jar.
- After this, go to the Gold or Digital Gold section in the app.
- Then enter Rs 100, Rs 500 or any amount as per your choice.
- Now make the payment using UPI or net banking.
- Once the payment is made, 24 carat gold worth that amount will be added to your digital account.
Know some important things before investing
- 3 percent GST has to be paid while purchasing digital gold.
- There may also be a difference in the buying and selling price.
- Apart from this, digital gold is not monitored by RBI or SEBI.
- If you want to get gold delivered at home, then the delivery charges for that are different.
Gen Z's changing attitude towards gold
According to a report by the World Gold Council, Indian households hold a significant amount of gold. If this gold is integrated into the financial system through schemes like gold monetization, the country could benefit from an economic value of approximately ₹315 lakh crore. This means that Gen Z's changing attitude towards gold could give the country's gold market a new direction in the coming years.
