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Things to keep in mind while investing in digital gold
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financialexpress.comDigital gold is essentially gold that is bought by a user through an intermediary (various investing platforms) who purchases and holds the gold for the buyer in physical form, be it in vaults/lockers that are audited and insured.
Ashraf Rizvi, Founder and CEO, Gilded, says, “The title of gold ownership belongs to the purchaser and, hence, is the property of the sole owner. This is different from paper gold like ETFs or SGBs that emulate gold prices but don’t hold physical gold.”
He further adds, “While purchasing gold in the form of jewellery in physical stores, one cannot always ascertain the purity of the gold (18k, 20k, 22k, 24k), which is usually low in the case of intricate jewellery, since other metals are added to make the ornaments
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