Dhanteras Gold Shopping 2023: As the festival of lights, Diwali, and the auspicious occasion of Dhanteras approach, people are looking to invest in gold, even when the price of the yellow metal is touching the skylines. Traditional jewellery shops may seem daunting with prices ranging from Rs 6 thousand to Rs 6.5 thousand per gram, but fear not, as a novel idea brings the opportunity to own gold for just one rupee from the comfort of your home.
Buying gold and silver on Dhanteras is a long-standing tradition, considered highly auspicious. This year, Dhanteras falls on November 10, a Friday, and the anticipation is that the gold business will thrive as always.
Also Read: Diwali Muhurat Trading 2023: Check Date, Time, Significance And History
So, how can you buy gold for just one rupee? The answer lies in the digital realm. Online platforms, such as Paytm, offer an accessible way to invest in gold without breaking the bank. Here's how:
1. Visit Paytm:
Open the Paytm app and type "Gold" in the search bar. The option for Paytm Gold will appear.
2. Choose Your Investment:
Click on Paytm Gold, where you can select the amount of gold you wish to purchase. Yes, you can buy gold for as little as one rupee.
3. Payment Process:
During the payment process, you'll need to pay the price of the gold, plus a 3% GST. For instance, if you buy gold worth Rs 1, you'll get 0.0001g, and after adding 3% GST, the total payment will be Rs 1.04.
4. Long-Term Investment:
The purchased gold is stored securely, and you receive a purchase receipt. This digital gold is of 24-carat purity, making it an excellent long-term investment. As the price of gold rises, so does your investment.
5. Sell Whenever You Want:
One of the advantages of digital gold is that you can sell it online whenever you want, providing flexibility and liquidity.
Alternative Options:
However, these options can also be tried to buy gold during Dhanteras 2023.
1. MMTC-PAMP:
This LBMA-accredited gold refinery company offers digital gold for just Re 1. Customers can buy certified gold of 99.99 purity through MMTC-PAMP.
2. Gold Coins Online:
Various platforms offer the convenience of buying gold coins online with doorstep delivery. Minimum purchase requirements may apply.
3. Digital Gold in the Market:
Buying digital gold is not limited to Paytm and MMTC-PAMP. Many banks, mobile wallets, and brokerage companies collaborate with trusted entities like MMTC-PAMP or Safe Gold to facilitate gold transactions through their apps. Additionally, the stock market provides avenues for buying and selling gold under commodity exchange.
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This Diwali, make a smart investment with the ease of digital gold, ensuring both auspiciousness and financial growth. Whether it's for personal joy or a thoughtful gift, the opportunity to own gold has never been more accessible.