October 29, 2024

Dhanteras 2024: How to invest in digital gold via Jio Finance app

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As Dhanteras approaches, a time when buying gold symbolises prosperity, Jio Financial Services (JFSL) offers customers a way to invest in gold digitally with SmartGold through the JioFinance app. This new feature enables users to purchase pure, 24-karat gold starting as low as ₹10.

Key features of SmartGold

SmartGold allows customers to buy gold by rupee value or weight (grams), starting from ₹10. For those who prefer physical gold, options for doorstep delivery in denominations of 0.5g, 1g, 2g, 5g, and 10g are also available.

Investors can redeem their SmartGold units in cash or physical gold at any time. The gold equivalent of each investment is stored in insured vaults.

With live market prices displayed on the JioFinance app, customers can make informed investment decisions and monitor the value of their gold holdings.

What is digital gold?
Digital gold is an investment in real, physical gold that is securely stored on behalf of the buyer in insured vaults.

Unlike physical gold, which requires safekeeping and may involve added costs, digital gold provides a hassle-free way to own gold.

Each unit of digital gold corresponds to actual gold stored in a secure facility, giving investors the same benefits without the need for physical possession.

ALSO READ | Dhanteras 2024: This brokerage suggests levels to buy gold

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