oropocket digital gold
"OroPocket is an asset-backed banking solution that enables users to invest in Digital Gold and Silver - as a safe hedge against inflation and at the same time utilize these investments for day-to-day transactions via UPI and asset-backed cards.
What is a Gold Investment Scheme? - OroPocket Blog. A gold savings scheme is quite similar to a Recurring Bank Deposit.
Just the way people deposit money in their RD account, similarly in a gold investment scheme, investors essentially deposit a fixed amount month on month for a specific tenure. However, that’s where the similarity ends. Unlike an RD, in the case of a gold investment scheme, the end objective is purchasing gold. At the end of the tenure, the investor can use that amount to buy gold for that aggregate amount as per the prevailing prices.
How to Invest in Digital Gold? The world has undergone a lot of change in the last century.
However, one thing that has not changed is the love Indians have for gold. Indians have a great craze for the yellow metal. No wonder India is the largest importer of gold in the whole world. Digital Gold – Future of Investment - OroPocket Blog. Gold has always been the preferred investment option for Indians.
The yellow metal has a strong emotional bond with people in India. That’s why people buy gold to celebrate any festival and even offer it to deities in the temple. For this reason, gold is sometimes referred to as ‘god’s currency’. How to Buy Gold Bonds? - OroPocket Blog. Globally, gold is treated like a solid currency, which can easily be liquidated in times of crisis.
However in India, gold carries a huge emotional value too. People often end up buying gold in the form of jewelry, coins, biscuits, bars, or billions to save for a bad day, without even realizing the true value of gold. That’s because “gold equals savings” is a thought that is ingrained into us for a long time. Experts believe that in order to have a diversified portfolio, one must invest anywhere between 10-20% in gold. When it comes to investing in gold, an investor has several options. How to Buy Gold Online? - OroPocket. Since times immemorial, nothing has fascinated Indians more than gold.
Indians love to wear gold jewelry to enhance their looks. But that’s not the only reason why Indians buy gold. Gold as an investment: A beginner’s guide to safe investing - OroPocket. Since the time it was discovered as a ‘shiny yellow nugget’ in riverbeds, civilizations have been under the magic spell created by gold.
Since then, the brilliance, natural beauty, and lustre of yellow metal have attracted humankind. It has become a part of the human culture. Its unique properties like malleability, ductility, and resistance to tarnishing make it enjoyable to work and play with. Digital Gold – Future of Investment - OroPocket. Investing in Digital Gold or Investing in ETF Gold: Which is better? - OroPocket. So, you have taken the right decision to invest in gold.
And you have also crossed the stage of deciding in favour of buying gold in non-physical form. The debate between buying physical gold and buying ETFs settled a long time ago. However, the emergence of digital gold (also called e-gold) has once again initiated a debate between these two ways of investing in gold in non-physical forms. Understanding e-gold and ETF. How to Invest in Gold? - OroPocket. India is one of the largest gold markers, and the young country’s growing affluence is further driving growth in demand.
For eons, gold has played a central role in the country’s culture. It is considered a store of value, a symbol of wealth and status, and a vital part of many rituals. In India, gold is treated as ‘God’s Currency’ and is believed to possess the power to purify anything it touches. This is one of the main reasons; many god idols in temples are made of gold and many devotees offer gold to deities in the temples. In addition to religious festivals in the country, gold is central to various personal life events too. Digital Gold - OroPocket Start accumulating digital gold from as low as Re 1. Digital gold investment platforms - OroPocket Compare Oropocket with others. As we all know that Gold is an ideal store of wealth from centuries due to its unique attributes like highly liquid, scarce in nature, and uncorrelated with other assets.
Nowadays there are lots of online digital gold investment platforms enabling users to invest in digital gold. Investing through digital gold investment platforms helped investors during inflation and during the long term, the value of Gold grows as well. In today’s time, many investors are now investing in gold and other precious metals. From the last decade investing in gold is become easier due to the invent of technology. There are now many online digital gold investment platforms and mobile apps with the help of these investments in digital gold are now much easier and hassle-free. How to Buy Gold Online? - OroPocket. Buy gold. Gold as an investment: A beginner’s guide to safe investing - OroPocket.