Online Gold Investment: On the auspicious occasion of Ram Navami, if you are not able to buy gold due to bank or market closure, then ‘Digital Gold’ is the best option for you. You can buy it for just Rs 100. In this article, know the easy step-by-step method of buying digital gold and the benefits of digital gold…
Gold Investment on Ram Navami: Ram Navami, the birth anniversary of Maryada Purushottam Lord Shri Ram, is being celebrated with great pomp today. In India, this day is considered very auspicious not only spiritually but also economically. It is believed that investment made on this day gives ‘Akshaya’ (never-ending) results. Often people want to buy gold on Ram Navami, but due to bank holidays and closure of the bullion market, they hesitate, but do you know that now you do not even need to step out of the house to buy gold? You can buy pure 24 carat gold from your smartphone for just Rs 100. Let us know how…
How to buy gold for Rs 100?
Nowadays people are investing in digital gold, which is a modern way. In this you buy ‘value’ instead of gold coins or jewellery. Its biggest feature is the guarantee of purity. You get 99.9% pure 24K gold. You do not need to hide it in the cupboard, it remains safe in fully insured safes. Even if you don’t have a budget of thousands, you can start with Rs 100, Rs 500 or any small amount of your choice.
Why digital gold on Ram Navami?
- Even though physical shops are closed, digital gold prices are updated live according to the international market. You can buy after seeing the right price.
- When you buy jewellery, there is a 10-20% making charge. There is no hassle in digital gold, all your money goes into the value of gold.
- You don’t have to stand in line at the shop to sell gold. You can sell it with one click and get the money directly in your bank account.
2 easiest ways to buy gold for Rs 100
1. UPI Apps
Nowadays almost every smartphone has UPI (PhonePe, Google Pay, Paytm) apps. Go to the app and enter the amount of gold you want to buy in the ‘Gold’ section and make the payment. Your gold will be instantly credited to your ‘Digital Wallet’.
2. Gold ETF
If you are interested in the stock market, then Gold ETFs (Exchange Traded Funds) may be the best. There is no making charge in this and you can sell it anytime at the live market rate.
How to buy gold from mobile? Step-by-step method
- Open your PhonePe, Google Pay or Paytm app.
- Click on the ‘Wealth’ or ‘Gold’ section.
- Choose purity. Always opt for 24K Gold.
- Enter the amount as per your wish like ₹100 or ₹500 (you can also buy in grams if you want).
- On first time purchase, fill the general details for KYC and make payment through UPI.
- Once the payment is made, you will receive an invoice and the grams will be updated in your ‘Gold Wallet’.
3 precautions before investing
- 3% GST is applicable on every purchase of digital gold, that is, for Rs 100 you will get gold worth Rs 97.
- Some platforms do not allow selling of gold within 48-72 hours of purchasing it, please check this.
- Once you have accumulated enough grams (say 0.5 grams or 1 gram), you can also get it delivered to your home in physical coin form by paying a nominal making charge.
Disclaimer: This article is for informational purposes only. This should not be considered investment advice. Investing in digital gold or any other financial instrument is subject to market risks. Please consult your financial advisor and read the terms and conditions of the platform carefully before investing.