How many people invest in digital gold?

New Delhi, May 5-Amidst the rising price of gold, interest in buying digital gold is increasing and 15 million Indians have joined digital gold investment in the last six months.

 

Digital gold investment

People are interested in buying digital gold

Investing in gold in the form of gold funds or digital gold is considered a good way. There are many types of gold funds in mutual funds. Meanwhile, digital gold investment is also becoming popular. Various apps offer this opportunity.

In digital gold, gold equivalent to the amount purchased is safely stored. It can be purchased at a very low price and can be increased over time. It can also be easily transacted.

With the price of gold on the rise, Indians are showing interest in digital gold investment, according to Safe gold, a company that provides infrastructure for digital gold apps.

It has been revealed that most investors invest in small amounts continuously for three or four years and then convert it into jewelry.

Gold Bond Investment 221% Profit

In 2017, investment in gold bonds has now yielded a profit of 221 percent.

The Reserve Bank of India has announced the final price of the gold bond issued in the first phase in the financial year 2017-18, after it is about to mature.

While one gram of gold was priced at Rs 2,951 when it was issued, it has been announced that it will now be priced at Rs 9,486.

This is 221 percent more than the price on the day of issuance. Apart from this, an interest of 2.50 percent has also been paid half-yearly in these eight years.

To reduce the price of gold, the central government introduced the gold bond scheme in 2015.

Under this scheme, one gram of gold was issued in the form of a bond as one unit. Its price was fixed according to the price of 24 carat gold. 

In this situation, the Reserve Bank has said that the gold bond issued on May 12, 2017, which matures on May 12, can be redeemed on May 9 itself, the Reserve Bank said.

It has been informed that Rs 9,486 will be paid per gram.

This price has been determined based on the average price of 24-carat gold on May 28, 29 and May 2 last month.