4. What happens to my Gold if the company goes bankrupt?
The gold
associated with your account is separate from the company's other assets. An
independent trustee acts on your behalf, and the gold/silver linked to your
account is held by a custodian. When you request delivery, the required
quantity is removed from the custodian and delivered to you.
Because the Security Trustee has a charge over the gold, any issues at the
company level will not affect the gold linked to your account. The title of the
gold clearly rests with you, and the physical gold/silver stored with the
Custodian is not an asset of the company.
This structure is similar to a Mutual Fund, where the AMC and the assets of a
particular scheme are kept separate.
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11. What happens when I sell my gold or silver?
The amount from the sale will be credited to your bank account within T+2 working days. There are no additional charges, and the selling price will be based on the live rate at the time of the transaction
18. What happens when I sell my gold or silver?
1. The amount from the sale will be credited to your bank account within T+2 working days.
1. What is Digital Gold?
Digital Gold is a financial asset similar to physical gold or silver, but it is stored in an online vault. Each time you buy digital gold, an equivalent weight of physical gold is stored in a secured vault. This gold is backed by the purest form of ...
2. Who stores the Physical Gold / Silver?
The gold purchased on your behalf is stored with Valgo Retail Services Private Limited ("VALGO"), a leading safe keeper of precious metals worldwide. The gold is insured for both storage andtransit during delivery. Additionally, a Security Trustee ...
10. What is the Taxation on Digital Gold?
The tax on the sale of digital gold/silver is 20.8%, the same as for physical gold and paper gold/silver. For Short-Term Capital Gains (STCG), the tax is charged based on your income slab. Income from gold investments is typically reported on your ...