- A smart way to buy pure gold, anywhere and anytime, starting as low as Rs10
- Buying gold has traditionally been a preferred method of long-term wealth creation in India
- The underlying 24-karat physical gold, equivalent to a customer’s investment in SmartGold, will be procured and stored in insured vaults in a completely safe and secure manner
NE BUSINESS BUREAU
MUMBAI, OCT 29
Jio Financial Services, the non-banking financial company (NBFC), on Tuesday announced that customers can now buy digital gold by investing in SmartGold through the JioFinance app. Customers can start investing in digital gold anytime, with a minimum amount of Rs 10.
According to the press release, “SmartGold offers customers a completely digital, secure, and seamless process for buying gold and redeeming their investments in exchange for cash, gold coins, or gold jewellery. Customers can now invest in digital gold anytime, anywhere, starting as low as Rs 10.”
Further, “Customers can also choose flexible options to buy SmartGold in denominations of rupees or grams. They also have the option of directly purchasing gold coins from the digital platform and having them delivered to their doorstep,” the release added.
Buying gold has traditionally been a preferred method of long-term wealth creation in India. SmartGold is a unique way for customers to enjoy the benefits of owning gold, without the hassles of worrying about the safe storage of their precious asset, or standing in long queues during the auspicious period of Dhanteras.
The underlying 24-karat physical gold, equivalent to a customer’s investment in SmartGold, will be procured and stored in insured vaults in a completely safe and secure manner. Moreover, customers can see the live market prices of gold on their JioFinance app, ensuring transparency at all times.
Customers can redeem their SmartGold units for cash or physical gold anytime they want. The delivery of physical gold is on holdings of 0.5gm and above, and available in denominations of 0.5gm, 1gm, 2gm, 5gm, and 10gm.
