5 Interesting Stats Related to Digital Gold Post-pandemic
Covid has literally shifted the limelight to virtual and online businesses. Be it buying clothes, learning, travelling, as well investing or digital gold buying, people are opting for everything online and going digital more than ever! There is no doubt that COVID-19 has brought about a major digital transformation and technology.
People who used to think offline grocery shopping is everything had to transform to online shopping during the pandemic. Similarly, those who were investing in physical gold started buying and investing in digital gold post-pandemic because online or virtual options not only made things easier for them but also proved the internet world’s efficiency. Undoubtedly, you can now shift from offline to buy digital gold online.
The boom in the digital revolution has literally expanded the gold market and introduced a new form of investment called digital gold. Virtual or digital gold concept was nowhere in India until covid hit the country. Being a new concept as it is, it is taking time for the people, especially the older generation to adopt investing in digital gold. But as gold-obsessed as it could get, Indians are buying digital gold more than ever. Let us show you the stats related to digital gold post-covid:
Rise in Gold ETFs
Post-covid the gold market saw rise in gold exchange-traded funds (ETFs) folios in the last two years highlights the rising popularity of digital gold.
Boost in Sovereign Gold Bonds
Sovereign bonds were launched in 2015. They came eight years after the launch of gold exchange-traded funds but still managed to capture more investors. Money inflow in Sovereign Gold Bonds has gained popularity since the last two years; post-pandemic which proves that digital gold has attained prominence. People who wished to invest in gold but didn’t want to buy physical gold owing to certain issues, investing in gold bonds seemed to be the best way to get tax advantage.
Guaranteed Purity
With the rise in purchase in digital gold post pandemic there is one reason that is making much of a difference and that is, online investment in gold lets you buy gold with as little money as you want to. Spare8 doesn’t have any defined minimum or maximum limitations when it comes to your gold investment. You can literally start your investment with as low as one rupee along with getting 100% assurance on the purity, safety, and security of your digital gold online.
Offering Flexibility
People who used to buy physical gold often, usually brought it for the consumption purpose, like they buy it and use it. Before things went digital the mass had no idea about digital gold investment. Virtual gold combined the convenience and speed of the internet with the safety and security of physical gold purchases.
When it comes to investing, digital gold buying is the safest and low on cost. If you want to store and save gold and get complete flexibility over it in future then digital gold is here to make its way. Spare8 provides its investors the option to start investing without any KYC hassles and no lock-in period. People can start investing today and take back the investment even tomorrow.
Convenience
With post-pandemic effects, one of the best and easiest ways to invest in digital gold is the convenience it offers to its investors. On Spare8 you can buy and invest in digital gold from any mobile wallets, UPI applications, as well as other options. Also, investors can sell their digital gold for cash through their bank account at the present market rate.
With the Covid ridden India, gold shone brighter than ever, all thanks to the online market. The rise in popularity of digital gold investment post-pandemic made investors come out of their ‘skeptic’ shells and put their trust in online gold like never before. When investing on Spare8, people receive 100% pure gold with full assurity and safety. Spare8 boasts of partnering with Augumont and Paytm to facilitate digital gold buying and storing them in vaults secured by regulated independent trustees.