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If you are going to invest in digital gold, then stop and know first this ‘screw’

Posted on February 18, 2021February 18, 2021 by Nidhi Malviya

One can easily invest in digital gold. Through this, not only do you avoid the fraud of its purity, but you do not have to go to the jewelers.

There are many options to invest in gold, but the most popular one is digital gold. These are sold by jewelers or dealers to people through multiple platforms. These include wallets such as Paytm, Amazon Pay and investment platforms such as Kuvera, Grow and Stoke Brokers.

However, one can easily invest in digital gold. Through this, not only do you avoid fraud by purifying it, but you do not have to take money with the jewelers. Apart from this, you can also take money by selling back that digital gold.

But if you are going to invest in it, then it is important to know about its screw. That is, if you have purchased 1 thousand rupees of digital gold, then you will get only 970 rupees of gold and the rest will be taken as GST (ie, it is the difference between the price of buying and selling).

But, here it is to be kept in mind that if you have decided to sell that digital gold back after a year, then you will have to pay 3% GST again at whatever price the digital gold will be at that time.

Nidhi Malviya

Nidhi Malviya is fun loving girl. She writes at NoobFeeds about various topics related to Finance, Technology, Business etc.

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