Financial Services
Digital Gold
Purchase of physically backed gold in amounts small enough for a daily saver, held in an insured vault against the buyer name. Holdings can be sold back at the prevailing rate or taken as physical delivery in standard denominations, which is what separates this from a paper exposure to the gold price.
What you get
- Purchase by rupee amount or by weight, down to fractional grams
- Every holding backed by physical gold of a stated purity in an insured vault
- Sell back at the live rate, with proceeds to the registered bank account
- Physical delivery in standard coin and bar denominations where requested
- Recurring purchase for customers saving a fixed amount each month
- Holding statement showing weight, purity and current value
FAQ
About digital gold
Where is the gold actually kept, and who owns it?
It sits in an insured vault operated by the vaulting partner, held against the buyer name, with a trustee arrangement standing between the buyer and the operator. This is the part of a digital gold product worth reading closely: the specific custodian, purity and trustee arrangement behind this line are disclosed to the customer before purchase.
Why is the sell rate lower than the buy rate?
There is a spread between the buy and sell price, as there is at any jeweller counter, and taking physical delivery adds making and delivery costs on top. Both are shown before the transaction is confirmed. A customer buying with a short horizon should see the spread first, because it can outweigh a small move in the gold price.