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Comments (4)

Oct 13, 2021 - 1:14am

Digital Gold is an online product that allows you for Gold holdings virtually where there is no need for a safe bank locker. For each online buy, you will be able to hold an equivalent weight of physical Gold securely in a vault under your name. You can purchase as much gold as possible for you, but not less than Rs. 100.

Digital gold service providers like IIFL Securities facilitates you to buy and sell Digital Gold. Even there is a facility for exchanging digital Gold for physical jewelry or gold coins or bullion. You can use Digital gold as collateral against loans.

Oct 17, 2021 - 1:13pm

Just check how much taxes you'd be paying on buying and subsequent selling of digital gold. Buying SGBs from the open market would be a better proposition from a price perspective although liquidity is a bummer. If you plan on holding LT, SGBs should be your preferred mode.

Oct 17, 2021 - 2:04pm

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