During the financial budget for 2023, the government did reveal the cost of precious metals like silver and gold is set to skyrocket. And ever since that, the price of gold has grown rapidly. On March 13th, 2023, the price of gold was at ₹56.9k and as of April 1st, 2023, the price is ₹61.3k which is a record price for the yellow metal.
Amidst all the other ways in which people invest, why is the price of gold on a constant rise? What could be the reason behind this rapid change in costs in just over a month?
The answer is simple, Recession. The global economy is very vulnerable with various financial catastrophes happening all around the world. And to add to it, the Russia-Ukraine war is of no help and impacts in the most indirect ways.
Gold is an international commodity. That is simply the reason behind people stacking up on it during these trying times.
As the demand for gold increases, the costs also increase. So, why is it a good idea to invest in Digital Gold? Especially for the younger generation?
Why is Digital Gold Investment for the Youth?
In this day and age, even precious metals like gold have taken a digital form. What is Digital Gold, you may ask. Digital Gold investment is the new age way of buying 24k gold virtually. They are exactly the same as the yellow metal except you buy it online whereas the asset-providing institution stores it in secure vaults.
Being college-going students and newly working professionals, the cash crunch is real. It is indeed hard for one to budget money for investments. And this is where Digital Gold comes into play. This is indeed an offer served on a platter, especially for the youth.
With Digital Gold, you can invest in fractions of the Gold starting from ₹100. This might not be the case with buying gold traditionally. The seller offers to sell gold starting from a pound.
Moreover, it comes with no making costs and storage costs. As and when you buy Digital Gold, the asset provider will store the actual gold in highly secure vaults. And the major relief Digital Gold investment comes with is that you don’t have to worry about the quality. Every Digital Gold is of BIS Hallmark 24k Gold.
As a young person, your investment in Gold will lead you towards:
- A diversified portfolio that negates the risk in the future.
- Helps beat inflation as the value of the metal only grows YoY.
- Easy to sell as they act as an emergency cash-in fund too.
What are the benefits of investing in Digital Gold?
- You get to play it safe because the purity of gold is 99.99% BIS Hallmark standard.
- Worry not about the budget, your investments can start from ₹100 in Digital Gold.
- Play games and win rewards while your investment grows with the price of gold.
- Get a standardized price on your gold all across the country.
- Digital Gold grew at a rate of 5.7% over the past year.
In conclusion, Digital Gold is a viable investment option for investors who don’t have a huge initial investment budget. And with Fello, you could grow your Digital Gold investment by simply playing games.
Don’t believe us? Do have a look for yourself. Download the app now, and start investing for a wealthy future.
