Page 3 - Digital Gold

Gold bond issue price fixed at Rs 4,777/gm; subscription opens May 17

The issue price for Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from May 17, has been fixed at Rs 4,777 per gram, the Reserve Bank of India said on Friday.

Hold on to sovereign gold bonds as prices may rebound, say experts

Premature withdrawal results in taxation of capital gain, while corpus received at maturity is tax-free

Govt to offer discount for using digital mode under gold bond scheme

The government will give a discount of Rs 50 per gram under its gold bond scheme to investors who apply online and the payment is made through digital mode

Bitcoin emergence as 'digital gold' could lift price to $146,000: JPMorgan

"Bitcoin's competition with gold has already started in our mind," the Wall Street bank's strategists said in a note

Digital gold is the new war zone for PhonePe, Amazon and Google in India

With Covid-19 impacting buying sentiment, the tech giants are leaving no stone unturned to woo customers to buy digital gold on instalments across the country, including smaller towns

PhonePe becomes largest platform for buying digital gold with 35% mkt share

With over 35%market share, the Walmart-owned firm which competes with Google Pay, Amazon Pay and Paytm has seen a more than 6X jump in the volume of Gold sold in the festival season

BharatPe introduces digital gold product on its platform for merchants

Merchant payment platform BharatPe on Tuesday said it has introduced digital gold product on its platform for merchants in association with Safegold

Want to buy physical gold? Pick a digital platform for your investment

Those keen on buying gold as investment will be better off with sovereign gold bonds or ETFs

Minimalism is the new normal for those who just can't stop loving gold

With prices becoming prohibitive, buyers are now choosing dainty designs over dense, light jewellery over heavy sets, as gold retains its glitter in the run up to the wedding season

Selling gold to raise cash? Know how to sell and the tax implications

Ideally you should sell it to the jeweller you bought the gold from, or a reputable retailer to get a better rate

Digital platforms strike gold on Akshaya Tritiya amid lockdown

Many Indians had relied on apps such as Paytm Gold, Mobikwik or Google Pay to buy gold on the auspicious day, as jewellery shops remained shut due to MHA guidelines

Paytm Gold aiming for threefold growth in sales this festive season

According to the company, within two years of its launch, Paytm Gold has become India's largest platform for savings in digital gold

Explained: How capital gains from different forms of gold are taxed

If you hold gold bonds until maturity, the capital gains are exempt from tax

Digital gold: A convenient investment method or a Ponzi scheme in making?

Digital should be the way forward but it can't be on a regulatory infrastructure that is hanging on a loose thread

Digital gold accounts cross 80 million, more than twice demat accounts

Digital gold is gold purchased online from various platforms including Paytm or Google Pay and stored in your online account