In India, gold has always held a special place in our hearts and investment portfolios. It’s not just a precious metal; it’s a symbol of wealth, prosperity, and security. In recent years, the digital age has brought about a revolution in gold investments, making it easier and more accessible than ever. Thanks to innovative apps, you can now invest in digital gold at your fingertips. In this blog, we’ll explore some of the best apps to invest in digital gold in India.
Why Invest In Digital Gold?
Before we dive into the apps, let’s understand why digital gold has become such a popular investment choice:
- Affordability: You can start investing in digital gold with a minimal amount, making it accessible to a wide range of investors.
Security: Digital gold is securely stored in vaults, eliminating the need for physical storage and safety concerns
Liquidity: It offers high liquidity, allowing you to buy or sell small or large amounts of gold easily.
Transparency: Most digital gold providers offer real-time pricing and transparency, so you know exactly what you’re getting.
Convenience: You can invest in digital gold anytime, anywhere, using your smartphone or computer.
Top Digital Gold Investment Apps
Paytm
Firstly, we have Paytm, which is famously known for its e-commerce payment system and fintech services. Paytm offers 99.99% pure gold for as low as INR 1, making it accessible to a broad audience. The user can purchase gold through the Paytm app by choosing the stocks and wealth icon, then selecting the Paytm Gold icon which would let you invest Gold in terms of rupees or in quantity.
The live rate of gold is displayed while completing the transaction, and customers can track the amount of gold purchased by going to the locker icon of Paytm Gold section. Customers need to pay for the making charges and the delivery for the physical conversion of gold on Paytm.
Top FeaturesÂ
- Get physical gold delivered to your doorstep
- Gold accumulation plan
- 995 Purity level gold
- No storage fee
- 24Ă—7 customer support and assistance
Fello App
In an era where financial innovation is at its peak, Fello takes the concept of saving and investing to a whole new level, transforming it into an exhilarating journey filled with games and rewards. At its core, Fello has a mission: to nurture the saving habit among individuals and make it an enjoyable and fulfilling experience. One of Fello’s remarkable avenues for your savings and investments is Digital Gold. This option allows you to invest in the super-stable commodity of gold, but with a modern twist. Gone are the complexities and hassles associated with physical gold. Instead, you embrace the ease and convenience of investing in digital form. Fello also provides an option for you to set up autosave so that you don’t have to visit the app again and again to make timely investments That’s not it with Fello your money is absolutely safe as the investments are powered by Augmont.
Top Features
Here’s why Fello’s Digital Gold option stands out:
- Accessible to All
- Daily Growth
- Low Minimum Investment
- Simplicity and Transparency
- A Blend of Fun and Savings
- Autosave feature
- 24Ă—7 customer support and assistance
PhonePe
An Indian financial service and a digital payment platform, PhonePe also allows its users to invest or purchase 99.99% pure gold for as low as INR 1. The platform provides the promise of transparent pricing and assured quality and is one of the best ways to buy gold online. Users can log in to their account and choose the Gold option in the My Money section. With PhonePe, users can invest in gold in terms of rupees or quantity.
Top FeaturesÂ
- Instant money deposit after selling your gold
- Safe and reliable investment options
- With a minimum of 0.5gms of gold, you can convert it into coins
- Minimal delivery fee
- User-friendly interface
Google Pay
Google Pay is also a digital payment platform that lets users invest or purchase 99.99% pure gold for as low as INR 1. Users can purchase the gold by using the Google Pay platform, which works similarly to the digital gold purchased through PhonePe and Paytm.
Top Features Â
- No transaction charges
- Instant fund transfer upon selling
- Zero making charges
- Hassle-free onboarding and sign up
- Buy gold as low as Rs.1 through Google Pay
Way Forward
Investing in digital gold can be a good way to diversify your investment portfolio and hedge against inflation. There are a lot of different apps available that allow you to invest in digital gold, so be sure to compare the features and fees before choosing an app.
When doing a job in metropolitan cities, it gets difficult to keep a track of savings. Fello can help you save and invest like a pro. Fello is a great avenue to develop a saving habit. The rewards make saving fun, and the investment opportunities make saving even more rewarding. Fello is also a great way to protect your money from inflation. By investing your money in Fello, you can grow your money and keep it safe from the effects of inflation. With prudent investment decisions and patience, you can work towards achieving your financial dreams with these rewarding assets.
