Is it safe to invest in digital gold?

Dreaming of investing in digital gold but feeling unsure about the benefits and risks? Look no further, because we’re here to guide you on the thrilling journey of digital gold investing. Get ready to discover the key to your financial success as we unveil the benefits and risks along with some few key digital gold app suggestions. 

Unleashing the Top 5 Reasons to Invest in Digital Gold

Prepare to be amazed as we uncover the unparalleled advantages that digital gold offers:

  1. Unmatched Convenience: Ditch the hassles associated with conventional gold investing! The digital gold app makes it simple to buy and sell gold. Take advantage of the convenience and speed of transactions at your fingertips.
  2. Flexibility done right: You are freed from the restrictions of minimum investments thanks to digital gold. You can invest any amount, no matter how small, and benefit from this cutting-edge investment platform, whether it is INR 1 or INR 10.
  3. Instantaneous market insights: The days of not knowing the price of gold are long gone. Apps like Spare8 give you immediate access to current market prices. Purchase or sell gold at market rates without paying any additional costs or commissions.
  4. Impenetrable Security: With digital gold, your investment is secure. The application makes sure that an equivalent quantity of real gold is safely kept in heavily guarded vaults. You can relax knowing that your gold is safe.
  5. Imagine the delight of receiving 24K pure gold delivered right to your door with golden deliveries. When you buy digital gold, the gold is kept in your name and delivered whenever you want.

Exploring the Risks of Digital Gold

In the realm of investments, no path is without its challenges. Let’s shed light on the potential risks of digital gold:

  1. Lack of Regulation: The digital gold app’s flexibility and freedom come at the expense of little regulation. There are no regulators in charge of monitoring the careful storage of your gold by reliable producers. Trust and vigilance are essential in this unpredictable environment.
  2. Taking on the GST Although there are no additional fees associated with purchasing digital gold, the Goods and Services Tax (GST) cannot be avoided. For purchases of digital gold, a 3% GST fee is applied. Thus, if you purchase gold for INR 1000, the actual amount of gold you receive is INR 970.
  3. Lack of Regulation: The flexibility and freedom of the digital gold app are at the expense of a lack of regulation. Regulators are not in charge of keeping track of how carefully reputable producers store your gold. In this unpredictably changing environment, trust and caution are paramount.
  4. Accepting the GST Although purchasing digital gold is free of additional charges, the Goods and Services Tax (GST) must be paid. A 3% GST charge is added to digital gold purchases. Therefore, if you pay INR 1000 for gold, you will actually receive INR 970 worth of gold.

Apps to consider investing from- 


Spare8 is the first micro-investment app developed fully by Indians for Indians with a motto to habituate investment among Indian youths. At Spare8, users can invest their spare change into digital gold that will be stored in digital vaults secured by SEBI-regulated independent trustees. You can start contributing to your reserve fund on a daily basis with Spare8 without waiting for your month-end salary to come and then spend it for emergency savings.

Google Pay:

Google Pay has partnered with MMTC-PAMP to offer digital gold investment services on its platform. Users can invest in 24K 99.9% pure gold and conveniently buy, sell, and exchange digital gold. The purchased gold is stored in a secure Gold Locker on the app. Additionally, users can gift gold to friends and earn rewards. All transactions are secured using UPI PIN codes, ensuring a safe investment experience.


PhonePe, a popular payment app, offers digital gold investment options through its partnerships with MMTC-PAMP and SafeGold. Users can invest in 24K 99.9% pure gold, buy, sell, and convert their digital gold seamlessly using their mobile phones. The app provides secure lockers to store the purchased gold and charges minimal delivery fees for physical gold coins and bars.

In Conclusion

The advent of digital gold has revolutionized the world of gold investing, with more and more individuals embracing this modern approach. While digital gold offers numerous benefits over traditional methods, it’s crucial to acknowledge the few drawbacks it entails.