Digital gold so many queries---Experts join the chain please.
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Is there any fixed regular entities in india to buy digital gold highest purity. some are backed by MMTC-PAPP, Augmont, some are through safe gold, caratlane is a tanishq enterprise but offering to buy and sell digital gold through its own DIGI GOLD platform unlike Tanishq offering through refinery safebuy. full of cacophony.... i know all these are not regulated by RBI, SEBI. Today observed caratlane giving gold price (digi gold) less than bullion price of same purity?. Expert please provide your inputs which is the trusted or best one to go for SIP and give clarification on all these platforms please..
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I think there are no Charges while selling Digital Gold.
its better to buy gold ETF than digital gold. all ETF are properly regulated. for SIP also ETF is always better.
The main risk is that these platform may sell dogital gold more than their physical gold reserve. But all these are big enough and trusted enough to not face any such issue. Mmtc-pamp has govt ownership so it is more trusted as per me. The price is lower than bullion because of making charges, physical charges etc. But you will be charged 3% gst while buying and 3% while selling. If you see one platform selling at lowr cost than other, remember that the same will be the case when you have to sell and thus you will get less back as well so its all even out. Charges are similar on all platform to buy but some offer 1-2% cashback time to time (Jupiter as of now) but don't go with the cashbacks, stick to the platform you can stay in for the long term (phonepe, paytm etc)