3 Best Ways of Buying Gold Online in India

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3 Best Ways of Buying Gold Online in India

Last Updated on November 29, 2021 by Chitale CFS Pvt Ltd

Buying gold online in India is gaining popularity amongst investors who wish to invest in gold easily. If you are looking for ways to invest in gold online but don’t know where to start, read on!

While the price of gold fluctuates, it has historically been an investment that provides stability and security.

In this article, we will discuss how you can buy online gold from India as well as what are the advantages of buying gold online as compared to investing in physical gold! 

Gold is a precious metal that has been used as a form of currency since ancient times. It is even said that Gold was the first metal ever mined by humans.

Gold can also be seen as an investment, with many investors looking for this commodity as a way to hedge against inflation and economic instability.

Why investing in Gold is important?

Gold is a strong currency that can be used to trade with other currencies around the world.

Gold has historically not lost its value over time. Unlike fiat currency, gold cannot be directly manipulated or inflated by printing more of it.

With gold, you are always guaranteed that the money you spend on an object will be worth at least as much as what you bought it for.

Advantages of Buying Gold Online Vs Physical Gold:

Purchasing gold online is an excellent way to invest in gold without having to pay for the cost of storing it.

The primary advantages of investing in digital gold vs physical gold investments would be convenience and security.

If you invest in digital gold, it is easy to access and trade your gold assets at any time with just a computer and an internet connection. This also means that you don’t have to worry about the maintenance and safety of your physical gold.

Another advantage would be that you can buy small units of gold, without having to spend a lot on buying the actual metal itself! This allows for more people to invest in this precious commodity while not being constrained by their budget.

Advantages of buying gold digitally:

  1. You can invest in small denomination
  2. Transparency in Pricing
  3. Seamless Transactions
  4. No impurity risk
  5. Better Liquidity
  6. No storage or safe-keeping required

Is it safe to buy gold online in India?

A common question that many people ask is whether or not it’s safe to buy gold online.

The truth is that it is entirely safe to buy gold online because the transactions are done electronically. There is no chance of losing your gold in this manner. However an investor needs to take some precautions while buying gold digitally in India.

Precautions before buying gold online:

Here are some important points that online gold investors should keep in mind before investing in gold online.

Check the reputation of seller:

You should always check the reputation of the website or the seller through which you’re investing in online gold. A good way to do this is to see if they’re a reseller or an actual supplier since counterfeit products are more common in the latter category.

Don’t share sensitive information:

Be careful about companies that demand personal sensitive information such as your bank details, debit or credit card numbers, security pin, one time passwords (OTP), passport, national ID card, as these details could be used for identity theft and other criminal activities!

Beware of Scams and Fake Advertisements:

Always beware of scams and fake advertisements, as many people will try and scam you. They usually want lots of money upfront and will give vague promises about high returns in digital gold. These can be very misleading and it’s important to be wary about them.

Please also note that, in October 2021, SEBI has banned registered investment advisors from advising on unregulated financial instruments, including digital gold and crypto.

Confirm the authenticity of transaction:

It’s also important to verify the authenticity of receipts, certificates and other purchasing documents before investing in E-Gold!

Buy from Trusted Dealers:

Even if you want to buy gold coins online or invest in E-Gold, it is best recommended only to use banks and trusted dealers. Chitale CFS has been providing authentic gold investment services to its investors with proper guidance.  

Top 3 ways to buying gold online:

Now that we have discussed everything about buying gold online, let’s check top 3 ways to invest in gold digitally. These are the safest ways to invest in gold online in India and any one can invest in digital gold by utilizing these best online gold investment methods:

Sovereign Gold Bonds (SGBs):

Government securities denominated in the form of gold are known as Sovereign Gold Bonds (SGBs). They serve as an excellent substitute for physical gold.  The Reserve Bank of India issues these Gold Bonds on behalf of the Government of India.

The investor’s stake in gold is protected, as he earns as per the current market price at the time of redemption. The SGB is a worthy replacement to real gold holdings. Storage issues and expenditures are reduced. Investors are guaranteed the market value of gold upon maturity, as well as annual interest. 

Gold ETFs:

Compared to other mutual fund schemes, gold ETFs have an underlying asset of gold instead of stocks in equity mutual funds.

Gold ETFs are gold units that represent physical gold, but in paper or electronic form.  Gold exchange-traded funds (ETFs) integrate the flexibility of stock investing with the simplicity of gold investing.

Gold ETFs, like any other stock, are listed and traded on the National Stock Exchange of India (NSE) as well as the Bombay Stock Exchange Ltd. (BSE). Gold ETFs, like any other company stock, trade on the cash market of the BSE and NSE and can be traded at market prices on an ongoing basis.

Gold Mutual Funds:

Gold mutual funds invest in gold syndications, gold mining and gold producing companies, as well as physical gold and gold ETFs.

The primary goal of gold funds is to build revenue by utilizing the prospects of gold in the form of commodity.

A gold mutual fund can be a great way to diversify an investor’s mutual fund portfolio. A gold fund investment may not only serve as a shield during periods of high volatility, but it may also provide long-term capital appreciation.

While gold ETFs provide returns that are directly related to the performance of the gold, gold funds provide returns that are related to the performance of the gold industry as a whole.

You can learn more about how you can buy digital gold by connecting with is at 8999116127 or 8087678759 or sending an email on sunil@chitalecfs.com or ameya@chitalecfs.com as well! Chitale CFS is a leading provider of Sovereign Gold Bonds, Gold Mutual Funds and Gold ETFs!

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