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20 Jan, 2025

Top Tips for Buying Gold Digitally

What is Digital Gold?

Digital gold is a way to buy and hold gold ownership without physically keeping gold bars or coins. It's facilitated by GOLDIFYNOW you pay for gold, it’s stored securely (in a vault, insured, etc.), and you own a digital claim on that gold. You often have the option to redeem the digital gold for physical gold (coins, bars) under certain conditions.


Why Consider Digital Gold?

Some benefits compared to traditional physical gold purchasing:

  • Convenience & accessibility — you can buy small amounts at any time from your phone or computer.

  • Transparent pricing — GOLDIFYNOW show live prices; you can see what you’re paying. 

  • No need for physical storage on your part; vaults handle that. 

  • Liquidity — easier to sell back or redeem than finding a buyer for physical gold sometimes. 


Top Tips for Buying Gold Digitally – A Detailed Guide

Gold has always been seen as a safe-haven asset. In uncertain times, it protects wealth, acts as a hedge against inflation, and retains value. With the rise of digital finance, buying gold is now just a few clicks away. But convenience shouldn't come at the cost of caution.

Here’s a comprehensive breakdown of the most important tips to follow when buying gold digitally


1. Visit GoldIfyNow’s Website or App


2. Sign Up for a New Account

  • Click “Sign Up” or “Register”.

  • Enter your:

    • Full Name

    • Email ID

    • Mobile Number

    • Password

  • Verify your mobile/email via OTP or link.

✅ Tip: Use accurate personal details that match your official documents.


3. Complete Your KYC (Know Your Customer)

  • Go to Profile or Account Verification.

  • Upload:

    • Government-issued ID (e.g., Aadhar, Passport)

    • Proof of address (Utility bill, Bank statement)

    • A selfie (if required)

✅ Tip:
Use clear, high-quality images. KYC approval may take from a few minutes to 24 hours.


4. Add or Link a Bank Account / Payment Method

  • Go to Wallet, Funds, or Payment Settings.

  • Link:

    • Bank account (recommended)

    • UPI ID

    • Debit/Credit card (if supported)

✅ Tip:
Make sure the account matches your KYC name.


5. Fund Your GoldIfyNow Account

  • Click “Add Funds”, “Deposit”, or “Top Up Wallet”.

  • Enter the amount you want to add.

  • Choose payment method (e.g., UPI, Net Banking).

  • Complete the transaction.

✅ Tip:
Start small (e.g., ₹100 / $10) to test the process.


6. Go to the “Buy Gold” Section

  • Navigate to “Buy Gold” or “Invest in Gold”.

  • View live gold rate (₹/gram or $/gram).

  • Choose:

    • Amount (e.g., ₹500 worth of gold)

    • Weight (e.g., 0.25 grams)


7. Review Charges and Confirm Purchase

  • Check:

    • Gold purity (should be 24K / 99.9%)

    • Applicable taxes (like GST)

    • Platform fees or spreads

  • Confirm and place the order.

✅ Tip:
Always compare the buy price vs current market rate.


8. View Your Digital Gold Holdings

  • Go to “My Holdings”, “Portfolio”, or “My Gold”.

  • Check:

    • Total gold owned

    • Purchase history

    • Current market value

.

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