Digital brokerage firm Upstox on January 19 announced the launch of a digital platform – Upstox Digital Gold for investing in gold.
The Digital Gold on Upstox will be certified by the Bureau of Indian Standards (BIS) which will assured of the highest level of purity.
Can buy 24 carat Gold
The Gold platform of Upstox will enables it’s customers to buy 24-karat digital gold also which is of 99.9% purity at live market rates.
The price will be auto updated in real-time on their platform.
Trading starts from Rs1
The broker said, there is no need to invest a huge amount to buy gold.
You can buy Digital Gold from Rs 1 Customers can buy Digital Gold worth up to Rs 1,99,999 in a single transaction but it is to be noted that there will be no limit on the number of transactions.
High security and convertible
The digital gold platform of the upstox will enable traders the highest security as gold is stored in fully insured, 100% secure vaults by Brink’s, a global leader in secure logistics and security solutions.
The traders will also get the option to convert digital gold in physical gold.
The traders don’t have to pay any additional charges for this safe deposit vault.
Comment from CEO
Ravi Kumar, “We believe that everyone must have access to multiple investment options so that they can build a balanced and diversified portfolio.”
“We want a greater segment of people to take advantage of the Digital Gold offering along with Stocks, Mutual Funds, IPOs, NFOs, and other products to maximize ways to build wealth.”
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