Digital Gold

How to invest in gold wisely during the festive season

The yellow metal can be purchased with simple investment plans similar to SIPs that let buyers spread out their expense over several months, making it affordable and helping people with budget management and long-term investment

PhonePe, Jar partner to launch 'Daily Savings' in digital gold, users can invest as low as Rs 10

Under this new product, users will be able to invest as little as Rs 10 per day and up to a maximum of Rs 5,000 per day in digital gold, “empowering individuals to build a consistent savings habit”

New credit card allows you to spend on Mastercard, UPI-linked Rupay. A Moneycontrol review

YES Bank and Anq have launched a co-branded card that gives you a physical card based on Mastercard and a complimentary, virtual add-on card on Rupay network. You can earn and accumulate gold based on the reward points you accrue.

Chart of the Day: Digital gold holdings are here to stay

Investors are gradually warming to non-physical forms of gold such as ETFs and SGBs

Bitcoin is here to stay, India should join the party 

With the SEC clearing Bitcoin ETFs, investors can now safely invest in another asset class

Finfluencers exist because traditional financial organisations and setups left a gap: MF experts

It's extremely important to educate people on personal finance from the school, said Nilesh Shah of Kotak AMC at a panel discussion on financial literacy at IFTA 2023.

Tiger Global-backed savings startup Jar to foray into digital lending business

Jar’s move to jump on the digital lending frenzy comes at a time when several fintech startups, including some of the most-valued companies in India, are putting their foot down on lending, as India continues to remain a credit-starved market.

SafeGold to allow customers to lease idle gold to jewellers for yields of up to 5%

In the next 5-6 years, SafeGold is looking to clock annualised revenues of Rs 300-400 crore through gold leasing. The company will soon extend gold leasing through doorstep gold collection across the country.

How to invest spare change in MFs

Debenture trustees cannot act as trustee for digital gold: Sebi

The market regulator further said any dealing in activities related to unregulated product by debenture trustees may entail action as deemed appropriate under the Sebi Act 1992 and regulations framed thereunder.

NSE bans members from selling digital gold after Sebi flags concerns

The direction came after capital markets regulator Sebi said that certain members are providing a platform to their clients for buying and selling digital gold.

Gold prices edge higher amid gloomy Akshaya Tritiya sales

The pandemic has now adversely affected gold jewellery sales during Akshaya Tritiya for two consecutive years.

Gold continues to remain structurally weak 

A new trend has been observed where investors are now comparing gold investment with digital gold (cryptocurrency) resulting in money being diverted to cryptos 

Bitcoin surpasses $38,000 for first time, lifts cryptocurrency market value above $1 trillion

In the early hours of Thursday, the digital coin hit an all time high of $38,169 by rising 6 percent and quadrupled in the past year. The digital currency was trading above $35,000 for the first time in Asia on Wednesday, rising to a high of $35,879.

'Digital gold' becomes new war zone for PhonePe, Google, Paytm, and Amazon in India

PhonePe has emerged to be the largest platform for buying 'digital gold' with over 35 per cent market share. So far, customers from over 18,500 pin codes across India have bought gold on PhonePe, mainly from small towns and cities.