<h1>Indians and Gold: An Unavoidable Love Story</h1><p>Indians and gold are an unavoidable love story. Gold investment has been one of the ancient forms of investing picked up by Indians. With the change in things and outlook, now buying physical gold may not be the wisest decision to take. There is no doubt that digital gold as an investment option is a secure and a very good way to protect ourselves from an unstable market.</p><p><br></p><p>The markets of late have become unpredictable and volatile and <a target="_blank" rel="noopener noreferrer" href="https://www.spare8.com/buy-digital-gold">buying digital gold</a> is the safest game you can play. Thoughts like “is digital gold a good investment” or “which is better digital gold or gold ETF?” often hover around one's mind. We should know that we have let ourselves change because of the fast pace of technology. And now is the time to opt in for the digitalised way of investing — buying/selling digital gold.</p><p><br></p><h2>Benefits of Investing in Digital Gold</h2><p>Let us show you how investing in digital gold can be good for your portfolio:</p><h3>1. Real-time Rates</h3><p>Spare8 app keeps you updated on gold rate fluctuation. It provides you rates on a real-time basis so that you can make the most of your investment. If you buy digital gold when the rates are low and sell when the rates are high (as notified in the app), you can end up earning a great return.</p><h3>2. Expands Your Portfolio</h3><p>When you invest in digital gold you not only invest money but your goodwill. Digital gold investments diversify your investment portfolio and help amplify your savings.</p><h3>3. Can Be Bought with a Small Amount</h3><p>Running out of cash but want to invest in digital gold? Look no more. Spare8, unlike other digital platforms, has no defined cost for digital gold investment. We don’t have a minimum or maximum limitation for purchases. You can start investing in digital gold with just ₹1! We promise to not let your cash crunch keep you away from investing.</p><h3>4. Gold Purity</h3><p>You don’t have to worry about the purity of gold when you invest on Spare8. We offer guaranteed 24K gold so that you don’t have to compromise when it comes to quality. Spare8 has partnered with Augumont and Paytm to get the digital gold and store it in vaults secured by regulated independent trustees.</p><h3>5. Hassle-free Selling</h3><p>You can sell your digital gold purchased on Spare8 from the comfort of your home. You can redeem the amount in the form of gold coins, bars, or cash. When you invest in digital gold on Spare8, know that you are free to take back your investment even the next day.</p><h3>6. Protection Against Uncertain Markets</h3><p>Undoubtedly, gold investment is considered one of the most resilient and stable options. Investing in digital gold has found a favorable place in portfolios spanning generations. The focus on digital gold investment has increased after the pandemic. People are shifting to the digitalised way of purchasing and selling their investments, and gold is no exception.</p><p> Digital gold acts as a cushion against uncertain markets due to its long-term stability in the digital space.</p><h3>7. Doorstep Delivery of Digital Gold</h3><p>On the Spare8 app, you can redeem your digital gold investment for physical units at your chosen time. Based on your investment, you can choose gold coins or bars and get them delivered to your doorstep.</p><h2>FAQs on Digital Gold Investment</h2><p><strong>Q. Is it good to invest in digital gold?</strong></p><p> A. If you are looking forward to investing in gold, then digital gold is the best option as it offers benefits like purity, real-time rates, free storage, and more.</p><p><strong>Q. Is digital gold good for long-term investment?</strong></p><p> A. If you are looking for long-term savings and protection against uncertainties, purchasing digital gold is the best thing you can do for yourself.</p><p><strong>Q. Is digital gold taxable?</strong></p><p> A. Yes, digital gold is taxed just like physical gold. It depends on the holding period of the gold.</p><p><strong>Q. How can I avoid capital gains tax on gold?</strong></p><p> A. Avoid physical assets, hold your investments for at least one year, and consider a 1031 exchange.</p><p><strong>Q. How is digital gold taxed?</strong></p><p> A. Returns held for less than 36 months are considered short-term gains and taxed according to your slab. Long-term gains (after 36 months) are taxed at 20% plus a surcharge and 4% cess with indexation benefits.</p><p><br></p><p>Start investing your spare change only on Spare8 and watch your investment grow. Leave aside the hassle-free <a target="_blank" rel="noopener noreferrer" href="https://www.spare8.com/buy-digital-gold">investment process</a> and give wings to your purchasing power only at Spare8.</p><p><br></p>

With the change in things and outlook, now buying physical gold may not be the wisest decision to take. There is no doubt that digital gold as an investment option is a secure and a very good way to protect ourselves from an unstable market

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