Airtel Payments Bank launches DigiGold for digital gold investment
Business | May 14, 2021 12:05 ISTWith DigiGold, Airtel Payments Bank's savings account customers can invest in 24K gold using the Airtel Thanks app.
With DigiGold, Airtel Payments Bank's savings account customers can invest in 24K gold using the Airtel Thanks app.
Investment in gold with a long-term perspective gives a better return than any traditional form of investment options like FDs and RDs.
Gold to glitter more in 2021! Yellow metal to break records - Predictions
Sovereign Gold Bonds: SGBs are government-backed securities. The bonds are denominated in grams of gold (999 purity). The RBI issues these bonds on behalf of the government.
Sovereign Gold Bond 2020-21 is issued by the Reserve Bank India on behalf of the Government of India.
Buying a gold coin or jewellery on the occasion of Dhantera and Diwali is not just a tradition in India but also considered a wise investment. Besides financial value, gold has social value as well.
If one invests in gold via sovereign bonds or gold ETFs, then they must know that these bonds are issued periodically, and their value increases exactly with gold. They also provide an extra interest of 2.5% per year.
If you are also planning to invest in gold then here is the best way to do it right away, despite the constant rise in the gold price. This can be done by purchasing paper gold or sovereign gold that has been made available by the Reserve Bank of India (RBI).
Modi Government has launched Sovereign Gold Bond (SGB) under which you will get gold at a cheaper rate as compared to the market price. The price of one gram gold has been kept at Rs 3,443. Notably under this instead of gold, one will get bond of the gold purchased issued by the RBI bank.
New Delhi: In 2014, the yellow metal lost its sheen for the second year in a row, turning cheaper by over 10 per cent as rising stock prices and a stablising economy favoured other asset
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