Digital Gold Benefit

  • Digital gold provides clients with the ease of purchasing and vending gold remotely, sans the need to physically visit jeweler’s  showrooms.
  • Digital gold is securely stored within the confines of a jewelers vault, thereby eliminating the potential for theft or loss that may arise with physical gold.
  • Digital gold boasts of high liquidity, thereby enabling its seamless conversion into cash within a short time frame.
  • Digital gold is procurable in smaller denominations commencing at a value of INR 500.

buy

What is Digi Gold?

The term “Digital Gold” alludes to the acquisition of tangible gold via digital means. The purchase made by the customer is securely stored in the vault, managed by the jeweler on behalf of the customer. The convenience of digital mode enables customers to liquidate their gold holdings without necessitating a physical visit to the jeweler’s showroom. Redemption of digital gold can be made in-person at the jeweler’s showroom.

What is the purity of Digi-gold?

The purity of digi-gold is 995 or higher.

How to Get Started?

  • Create an account on any trusted Digi Gold app/website.
  • Complete the required KYC.
  • Add money and purchase gold as per your convenience.
  • Keep your gold safely stored in the vault or get it delivered to your home.

Why Choose Digi Gold?

✔ Easy and fast buying/selling
✔ Guaranteed purity and secure storage
✔ Real-time transactions to take advantage of market fluctuations

What are the available modes of payment for the purchase of Digital Gold?

Currently, Users can purchase Digital Gold only through UPI Mode only.

Is GST Levied at the time of purchase of Digital Gold?

Yes. 3% CST Levied at the time of purchase of Digital Gold.

Lease

What is digital gold lease?

Leasing of Digital Gold is a practice whereby customers may lease their Gold, which is held through a digital platform, to jewelers. The jewelers may utilize the gold receive through such a lease to meet their working capital requirements. Upon completion of the lease period, the Customer may receive interest on the leased Gold.

What is the minimum digital gold leasing Weight?

The minimum Digital leasing weight is 1 gm

Can I invest in more than 1 lease?

Yes. You can invest in more than 1 lease

How is the interest credited after the maturity of digital gold?

Upon the conclusion of the Maturity period, interest in the form of weight shall be credited to your account. (For instance, if you were to lease your Digital Gold of 10 grams for a period of 1 year,

with a lease interest rate of 3.5%, then upon the Maturity period, 0.35 grams of Digital Gold shall be credited to your account, increasing your digital gold balance to 10.35 grams.

Redeem

How can customer redeem digital gold?

Customer may redeem their digital gold by visiting the showroom of the jeweller.

Is there a time limit for the redemption of digital gold?

Yes, Customers may redeem their Digital Gold after a period of 48 hours from the time of purchase.

What is the minimum Quantity limit for digital gold redemption?

The minimum limit of digital gold redemption is 5gm.

Is there any option available for the physical delivery of digital gold?

No. currently, there is no option available for the physical delivery of digital gold

Are there any extra fees for redeeming digital gold?

At the time of redemption, making charges, purity certificate charges/BIS Hallmarking charges, and GST will be applicable if the redemption is in the form of fine gold or gold ornaments.