How Digital Gold is democratising investments in precious metals

financialexpress.com:

Across sections of society, Indians have conventionally displayed an affinity for buying and investing in gold. The yellow metal has historically been a reliable hedge against economic downturns and inflation. When the S&P 500 Index dropped by 56.8% during the 2007-2009 recession, gold prices went up by 25.5%. From what we’ve seen so far, gold has been a reliable hedge globally. Seasoned investors who understand that the market is too difficult to be timed, continue to allocate some proportion of their investment portfolio to gold.

With the dynamic changes in the gold price, smaller investors may feel hesitant to build on gold as an asset class. Yet, people who are keen to buy gold could look at Digital Gold as one such avenue to continue investments in gold. Digital Gold can be purchased in smaller denominations, even small investment amounts of Rs 100, to suit individual pockets.

Digital Gold as an asset is available with companies such as MMTC-PAMP and its affiliate channels like Paytm, PhonePe, GPay, Jupiter, and Aditya Birla Capital, among others. Micro investments in Digital Gold can be done through multiple means, including gold ETFs (exchange-traded funds), MFs (mutual funds) and SGBs (sovereign gold bonds).

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A report by AxisMyIndia reveals that Digital Gold has emerged as a preferred investment option for consumers in Tier 1 and Tier 2 regions. With a return of 15% during FY23, gold has surpassed market expectations, boosting the confidence of its consumers across India. Even Gen Z and millennials prefer to invest in Digital Gold since one can acquire smaller quantities from credible platforms such as MMTC-PAMP, where it is possible to redeem it easily in