Paytm digital gold - yay or nay?

With more weddings to attend, there are more wedding gifts to choose from. "What should I offer the newlywed pair that is equally beneficial and fits within my budget?" are some of the questions that come to mind.

Do you know that in the world of finance, the Indian wedding season is referred to as "the gold rush"? The Indian infatuation with gold is well-known around the world. An Indian family, according to a wedding consultant of the top Indian wedding planner, spends 25% of their whole wedding expenditure on gold! During the wedding season, India imports billions of dollars of gold to match the demand.

There are a plethora of options available, ranging from jewellery to gold coins to gold ET to, most recently, Sovereign Gold Bonds. Gold fashion, design, and purity are all part of a different universe, and if you are a first-time gold buyer, there are a lot of options to choose from.

Given today's technology, it is safe to say that digital gold can spare you from any wedding gift troubles! It can be purchased by anyone, and there will be no difference in purity or design, explains the top minds of event management companies in Kolkata

When it comes to digital gold, it's a good deal.

Purchasing digital gold is similar to purchasing a stock. Many services, such as Paytm Gold, allow you to simply log in, check the current gold price, and purchase gold according to your budget.

You cannot beat the convenience

Nothing compares to the ease of shopping online. If you are a group of pals, you can pool your funds to buy a bigger sum of gold and digitally gift it to a friend. And it can all happen while you are in the cab on your way to the wedding!

It is safe to keep and use whenever needed

The major issue with physical gold is that you will need a locker to store it, not to mention the storage fees; however, with digital gold, the online platform will buy pure gold on your behalf and store it safely in its locker at no additional cost to you.

And the most important part is, if the receiver ever wishes to sell the digital gold, it will be as convenient as selling the physical gold. In fact, the issues of prices being slashed while selling does not exist with digital gold. Redeeming the digital Paytm gold is also very simple. And lastly, they can also encash it to get real-time market prices.