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4 digital gold myths debunked

Glittery, valuable, age old and now digital too – gold has a way of standing the test of time. Did you know? The energy that goes into “making” gold is produced only when stars explode in a supernova or in the case of neutron star collisions. Now that’s a fact.But there are myths in the air about digital gold. These may be keeping you from exploring a game changing investment option. Let’s debunk those.Myth 01: Digital gold is not “real gold”Quite the opposite. If you buy digital gold, you actually own “real” gold. It’s the same mechanism that adds value to your physical asset. You don’t see this gold because it’s kept away in secure vaults. It's insured and can be accessed at any time of the day.All you need is an app like Tata Neu to buy this real gold in digital form.

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Myth 02: Returns on digital gold are not the same as physical gold

This myth is far from what goes down for digital gold owners. Gold is a relatively stable investment to make while talking of price movements.When the market goes wonky, the steadily increasing value of gold makes it a solid asset to show up on your portfolio. Hence, any changes in the value of gold in the physical market applies identically to digital gold as well.As we said, it’s real gold – but in digital form.Myth 03: You pay heavier taxes on digital goldThe truth is the same rules and regulations apply to digital gold as they would to physical gold. Capital gains taxes, and cess charges are all identical to that of physical gold.Look at our explainer on digital gold taxation for more insights.

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Myth 04: Digital gold is not as pure as physical gold

Digital gold is sold with a 99.99% purity at 24k gold on platforms like Tata Neu. You can even redeem this purity-sure gold in the form of gold bars or jewellery.The providers are very sure of the quality that their buyers invest in. Hence, they insure this gold against theft and damages due to natural disasters. Why so much bother about gold which isn’t pure, right? Which is why digital gold’s purity is not a topic to break a sweat over.Why move to digital gold?

If you’re happy holding your physical gold in Safe Deposit Boxes – the cost-effective digital gold may not be the investment for you. But we’re sure getting more value out of an investment is a desirable choice for everyone!With digital gold, you can start with as less as ₹1 and invest in small amounts according to your capacity. It cuts the hassle of being physically present at a store to buy real jewellery. What's more, when you wish to sell the gold you have, you can do it right from your phone!Overall, less effort and more value. That’s why digital gold is an investment you should explore.

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