How To Invest Gold In Upstox App.
So you can invest in gold in three ways. One, you can buy gold jewelry. But if you buy gold jewelry, you will have to pay the appropriate making fee and fees. It is undesirable to make gold jewelry. So the making charge will not add any value to your investment. Otherwise you can buy futures gold contract. So, you can buy gold futures but you need a lot of money to buy gold futures. This is because you have to pay in full for a bright future as there is no margin. So if you make it, you will have to pay the full amount lot wise for the future of the gold level trading. So, today I will show you how you can invest in gold in the third way.
You can invest in gold for relatively little money. Suppose you think the price of gold will go up. You can invest in gold in very small amounts, say Rs.1. I will show you in this post. But for this you need to have an account in Upstock. So let me show you how you can invest in gold through Upstox without making huge investments. Let me show you that. But before that, please subscribe this channel so that you can see more post like this In future also. So let’s go guys first upstairs. This is Upstock’s digital gold investment page. As you can see here, you can invest at least Rs. So, if you don’t have an account on Upstock, Otherwise you can also check the (i) button. So look, here it is written that you can buy 99.9% pure gold or 24 carat pure gold Here Here is the option to buy now. If you have an account with Upstock then you can buy gold from here. Look guys this is digital gold. Why this digital gold? So here it is written that digital gold is a convenient way to buy pure gold online.
how to get pure gold here.
You will get gold directly at market rate. Friends, you can get the gold bought from here in your portfolio. You can sell or redeem at any time. So the advantage here is that you get 99.9% pure gold and digital gold is much more 24K standard. And the purity of gold is 99.9%. You see, you get the highest quality gold from here. And it is 100% safe. Because you guys don’t need any kind of safe to store this gold. You don’t need to be afraid of any theft. So it is 100% safe. Friends, you can see that investment starts from Rs. So if you have only Re 1, then you can start investing in gold from here. Also here you have 24×7 facility. So you can buy or sell anytime. You need to be online anytime, anywhere. It is very easy and stress free.
You can buy gold whenever you order here. You can buy it immediately at market price. Look guys you can save it with 100% security. And you don’t have to pay anything extra for this safe. sell more! Whenever you place a sell order on Upstock, you can sell it at the market price Immediately. Tell the delivery that you want to buy the gold and then have it delivered. Upstairs now opens the service where your gold delivery will be sent to your location. It’s not open yet, but it will be rolling out soon. So after buying gold from here, you can buy 24 thousand gold and do home delivery.
See the FAQ section on the FAQ.
Here you can learn more about Digital Gold. Here’s what’s written about Digital Gold offered by Upstox? So, look for a convenient, safe, secure option to buy Digital Gold Pure Body Sleep online from the comfort of your home. So you understand that this is the pure form of Body Gold and you can deliver it later. Buy that you don’t even need to go to any jewelery store anywhere else. See also What are the benefits of buying digital gold. As I have already said it is pure form of gold, convenient, safe and transparent ahead The process is very transparent. Here you will get 24K gold o BIS for jewellery? So, which agency is responsible for the gold purity here? See, the digital gold on Upstox is certified by the Bureau of Indian Standard. So BIS is responsible for the certification. You are assured of the highest level of purity. So the gold here is very pure.
What is the live market price and how it is determined?
So how will the price of gold be determined? See here, in Upstox we offer digital gold at the current market price. So whatever be the current market price of gold, you can buy or sell your digital gold at the current market price at the time of trade. And of course there is no making price. The gold price is updated real time throughout the day. However whenever the purchase or sell transaction is initiated the price is locked for 5 minutes. So whenever you buy or sell gold, that price will be locked for 5 minutes. If your trade is not completed within those 5 minutes, your order will be refreshed as per the then current market price. So see friends,
how to buy digital gold on Upstox?
buying digital gold in Upstox is really easy. Just follow the following steps. So enter the amount of gold you wish to buy in grams or rupees. So you can put the order in terms of grams or rupees. Choose the payment method and make the payment. So you choose the payment method and make payment. Digital gold will be credited to your portfolio instantly. So the digital gold you bought will be credited to you account portfolio instantly. So see my friends, is there any prerequisites to buy digital gold in Upstox? So all customers of Upstox can buy digital gold. So, for this you only need to have an account in Upstox. So I am saying it gain, that if you are not a customer of Upstox,
Where and how the gold is stored?
Are there any charges for storage and insurance? So I am repeating it that your gold will remain secured in Brink’s vault. And for storing you need not pay anything extra. So your gold is 100% safe and secure. How to sell digital gold in Upstox? So how can you sell your gold in Upstox? So again, whatever amount of gold you want to sell, just put in grams or rupees what amount you want to sell. So similar to the way you bought gold, confirm the details and complete the transaction. The amount will be credited in your bank account within two business days. So during the time of buy the gold was instantly shown in your portfolio after the trade, but here it will take 2 business days to reflect the amount in your bank account. So whatever amount of gold you sold, that amount of money will be reflected in your bank account within 2 business days.
After how many days can I sell the gold I purchased?
you can sell any time after 5 days from the date of purchase. So, you have to hold only for 5 days after which you can sell the gold you purchased any time. So you see there is very good liquidity here also. What is the minimum amount of gold I can get delivered? See here, you can get gold deliveries for quantities from 0.1gm or above. So if you have purchased even 0.1gm, you can get it delivered. But friends this delivery option has not been started yet. But this will start very soon. So, after it starts, you can get whatever amount of gold you purchased, delivered at your home.
Can I cancel my digital gold purchase/ sell order?
once a transaction is successfully completed, it cannot be transferred. You may however make a new purchase/ sell for the same amount of gold at the prevailing market price. So, once the transaction as per your order is complete that cannot be canceled. But you can put a new buy/ sell order. What modes of payment are accepted for digital gold? See friends, what are the different modes of payment are available. You can pay for the purchase of digital gold via UPI or net banking. You can sell the digital gold; the amount will be credited directly to your bank account linked to Upstox. So, you can buy gold money through UPI or net banking. And whenever you want to sell, the amount will be credited directly to the bank account linked to Upstox. So friends, this was the total information on digital gold scheme of Upstox.