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5 Things to Remember before buying Digital Gold

March 29, 2022 / 01:14 PM IST

Digital gold is physical gold bought online (digitally) and stored in a secured vault on customer’s behalf.. It's easily available over an increasing number of digital platforms, and provides risk-averse millennial and young investors the perfect means to park their money in a versatile and liquid gold investment.

Digital gold has lived up to its promise and contributed to the resurgence of gold as a strategic investment asset. But to draw on its myriad advantages, here are 5 things any investor should remember before investing in digital gold.

1. Get a quality assurance

As part of due diligence before buying digital gold, a buyer should confirm the quality of physical gold underpinning their investment. Most digital gold providers own 24K gold exclusively, which is certified independently to ensure the highest purity.