SBG vs Digital Gold: A debate rages

Akshaya Tritiya

Lucknow: Akshaya Tritiya is considered an auspicious day for buying gold. Across the length and breadth of India, the significance of Akshay Tritiya varies. Some people buy gold jewellery or coins, while others invest in gold as a way to secure their financial future. Experts meanwhile believe the investment on gold requires due consideration.  It is based on your financial situation and investment goals. As India basks in Gold buying fervor, a debate rages on which is better SBG or digital gold.

The Reserve Bank of India (RBI) issues SGB on behalf of the Government of India. These bonds allow individuals to invest in gold in a paperless form without really owning physical gold.

Digital gold is an investment in which individuals buy, trade, or hold gold digitally using online platforms or mobile apps. Unlike real gold, digital gold allows investors to possess fractional amounts of gold without the requirement for storage or physical delivery.

Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited (RSBL) believes SGB and digital gold both are good modes of investing in gold this Akshay Tritiya.  On the flipside, Mohit Gang, CEO, MoneyFront, reckons SGB is a superior way of investing in Gold.



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