DigiGold
How can the DigiGold be converted into physical.
We will be launching physical/delivery option soon.
We tried selling from WM, however no notification is coming to approve it.
To sell there has to be a Mandatory holding of 7days.
20. Is my data safe?
1. Yes, both ‘MyWealth’ and our partner 'Batuk' implement secure systems to protect user data. We ensure end-to-end encryption on our application and payment channels.
19. How can I check my transactions?
Navigate to your DigiGold/Silver Portfolio and check your transaction history under ‘Transactions’ section of the app.
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.
17. Where can I find the invoice for my orders?
1. You can download the invoice from the "Reports" section in MyWealth or under ‘Transactions’ in your DigiGold/Silver portfolio.
15. Why is there a difference in the Buy and Sell price?
1. The difference is influenced by price volatility, supply, and additional charges. We offer transparent live pricing. GST applies to the buy price, but not the sell price, and additional charges for payment gateways, trustees, and services also ...
14. Can DigiGold be used as collateral for a loan?
1. We do not offer loans against digital gold, nor do our manufacturers provide such a facility.
13. How can I convert my Digital Gold/Silver into physical form?
Click on the "Delivery" option in the DigiGold/Silver portfolio, select the type of coin, and click "Buy Now!" to get it delivered to your address
12. Who are the parties involved in the technology and execution of buying digital gold and silver?
This service is powered by Batuk, Augmont, and MMTC-PAMP.
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
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 ...
9. Are GST and other taxes included in the quoted prices?
All prices are exclusive of GST and other applicable taxes, which are added at checkout.
8. How is the price determined?
Physical gold prices vary from city to city and jeweller to jeweller, while digital gold prices are uniform across the country. Physical gold usually carries high making charges, while digital gold has only the 3% GST. The price is displayed at the ...
7. What is the minimum amount required to buy digital gold?
You can start buying Gold/Silver for as low as ₹500. You can purchase in multiples beyond that or specify the weight of Gold/Silver you want to buy.
5. Why should I buy DigiGold instead of physical Gold / Silver?
With gold prices being high, it can be challenging to make large purchases for your long-term needs at once. DigiGold/Silver allows you to accumulate wealth gradually, giving you the flexibility to sell, monitor, and take physical possession a ...
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 ...
3. What is the Purity, and who ensures it?
DigiGold is accredited by NABL and BIS, allowing you to invest in 24K 99.9% pure gold and silver
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 ...
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 ...