Investing in digital gold? Know the risks and costs involved4 min read . Updated: 04 Sep 2020, 09:14 AM IST
- There are three companies offering digital gold in India: Augmont Gold; MMTC-PAMP India Pvt. Ltd, a joint venture between state-run MMTC Ltd and Swiss firm MKS PAMP; and Digital Gold India Pvt. Ltd with its SafeGold brand.
Investing demand for gold has gone up manifold in recent times, as it is the best performing asset class in the past year with a return of close to 40%. Among the multiple ways available to invest in gold, one that is becoming increasingly popular is digital gold (Read here). It’s a product offered by vendors and refiners of gold through various platforms, including wallets such as Paytm, Amazon Pay and investment platforms such as Kuvera, Groww and stockbrokers.
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