Like the Indian stock market, the price of gold is also falling. Especially if we talk about digital gold, a huge decline has been seen in it too. On November 6, 2024, the price of one gram digital gold was at its high level at Rs 8136.97. On the same day its low level was Rs 7911.54. Whereas, if we talk about today, according to MMTC-PAMP, if you go to buy one gram of digital gold today, its price will be Rs 7860.29. Whereas, if you go to sell one gram of digital gold today, you will get its price at Rs 7354.08.
What is digital gold?
In a way, you can also call digital gold as a gold-backed digital asset. That is, where investors invest in gold in digital form based on gold prices. Instead of buying gold in physical form, this entire process is done online. Understand it like this – if you invest one gram in digital gold today, then this gold will come into your digital wallet at the fixed price.
The day you feel that the price of the gold you purchased has increased and you want to book your profit, you can book your profit by selling it. At present, you can buy digital gold from Digital Gold India Private Limited with SafeGold brand, MMTC-PAMP India Private Limited, a joint venture between government company MMTC and Swiss firm MKS PAMP, and Augmont Gold.
You can invest in one rupee
If you go to any jewelery shop today, you will not find anything made of gold even for Rs 100. However, you can invest in digital gold from Re 1. The most important thing is that the gold you buy here is pure 24 carat gold. If you want to invest in digital gold, you can also do it through Google Pay, Phone Pay and Paytm. Apart from this, digital gold can also be purchased through e-wallets like Amazon Pay, Freecharge, Mobikwik and HDFC Securities. Let us tell you, Google Pay had launched Digital Gold in April last year. Whereas, Paytm and PhonePe started selling digital gold in 2017 and Mobikwik in 2018.
Also read: This share gave a profit of 194 percent on the very first day of listing, this multibagger share rose 2300 percent in 11 months.
