In India, gold is not only used for jewelry, but it's also a reliable investment. But now the question arises: is digital gold more profitable than traditional gold? Nowadays, people are increasingly choosing to invest in digital gold over traditional gold. Its biggest advantage is that it doesn't require a locker to buy or store it, nor is there any fear of theft. You can start investing with just ₹100 through mobile apps or online platforms like Paytm, Google Pay, and PhonePe. Digital gold is 24-carat pure gold, which you can sell at any time. It's stored in a completely secure vault, eliminating the worry of physical handling. Furthermore, the ability to convert it into cash instantly makes it "liquid." It's a convenient and modern option for small investors.
Traditional Gold: An Investment Linked to Emotions and Tradition
However, the importance of ordinary, or physical, gold remains undiminished. People enjoy wearing and displaying it during weddings and festivals. It's not just an investment, but considered a family heirloom. Physical gold can easily be used as collateral. When gold prices rise, selling it can generate substantial profits. Although there are challenges such as purity testing, storage, and security, its emotional value far outweighs digital gold.
Which is the better investment?
When it comes to convenience and security, digital gold is ahead. It's free from the risk of theft or loss, and it can be sold at any time. Meanwhile, traditional gold remains reliable as a long-term stable asset and holds greater social and cultural value. If you're looking for a simple and modern way of investing, digital gold is the right choice. However, if you value emotional connection and family tradition, traditional gold remains the best choice.
Both types of gold have their own merits.
Both types of gold have their own merits. Digital gold symbolizes new-age convenience and technology, while physical gold remains a symbol of Indian culture and security. It is wise for investors to choose the right option according to their needs and priorities.
Disclaimer: This content has been sourced and edited from News 18 hindi. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.