To buy digital gold, open a gold app, check the live buy price, enter an amount in rupees or grams (from ₹10), and pay via UPI or net banking. An equal quantity of 24K gold is stored in an insured vault in your name, which you can sell or redeem later.
What is digital gold?
Digital gold is a way to own real 24K gold online, in amounts as small as ₹10. You do not handle the metal yourself, so there are no worries about purity, making charges or storage.
How does digital gold work?
When you buy digital gold, an equal quantity of physical 24K gold is bought and stored in an insured vault in your name. Your app shows the holding in grams, valued at the live price.
How to buy digital gold step by step
You can buy digital gold in five simple steps, often within a few minutes.
- Open a gold app and sign in with your mobile number.
- Check the live gold price shown for buying.
- Enter an amount in rupees or a weight in grams. You can start from ₹10.
- Pay via UPI or net banking. The price is locked for a few minutes while you pay.
- See the gold in your account instantly, with an invoice for the purchase.
What can you do with your digital gold?
You can sell it, redeem it as physical gold, or keep adding to it over time.
- Sell anytime at the live sell price, with money credited to your bank account.
- Redeem as physical gold, such as coins, delivered to your home. Delivery and making charges apply.
- Keep accumulating through a weekly or monthly gold SIP, so small amounts build into a larger holding.
What costs should you know before you buy digital gold?
The main costs are GST on purchase, the buy-sell spread and charges on redemption.
| Cost | When it applies |
|---|---|
| 3% GST | Added every time you buy |
| Buy-sell spread | The sell price is lower than the buy price at any moment |
| Making and delivery charges | When you redeem gold as coins |
Key Takeaways
- You can buy digital gold online from as little as ₹10.
- Each purchase is backed by real 24K gold held in an insured vault in your name.
- You can sell anytime, redeem for coins, or build holdings through a gold SIP.
- Factor in 3% GST, the buy-sell spread and redemption charges.
Frequently Asked Questions
Is digital gold real gold?
Yes, digital gold is backed by real physical 24K gold. For every gram you buy, an equal quantity is purchased and stored in an insured vault in your name. Your app shows the holding in grams, and you can redeem it as physical gold later.
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What is the minimum amount to buy digital gold?
You can usually start with as little as ₹10. This makes digital gold accessible to first-time savers, students and anyone who wants to build gold slowly. You can enter a rupee amount or a weight in grams when you buy.
How do I sell my digital gold?
You can sell digital gold anytime from your app at the live sell price. Enter the grams or amount you want to sell and confirm. The money is credited to your linked bank account. Remember that the sell price is lower than the buy price.
Can I convert digital gold into gold coins?
Yes, most platforms let you redeem digital gold as physical coins delivered to your home. Making and delivery charges apply at the time of redemption, so check these charges before you place a redemption request.
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Conclusion
You can now buy digital gold as easily as you pay a bill. On the JioFinance App, Jio Gold lets you buy or sell 24K digital gold anytime from ₹10, with your gold stored in insured vaults. You can set up a gold SIP with daily, weekly or monthly autopay and redeem your holdings for cash or physical gold whenever you want. Download the JioFinance App to start your gold savings today.