Upstox (also referred to as RKSV Securities India Pvt Ltd), right now launched a Digital Gold funding platform the place one should purchase gold from Re 1 onwards. The Upstox Digital Gold platform permits prospects to purchase 24-karat Digital Gold of 99.9 per cent purity at stay market charges, up to date in real-time on the platform. The bought gold can then be transformed into bodily cash/bars or saved within the vault.
The transaction is solely digital, enabling prospects to buy or redeem the bought gold on the platform itself. Upstox will quickly supply prospects the choice of changing Digital Gold into bodily cash and have it delivered wherever in India, even for as little as 0.1 gm, with free transit insurance coverage.
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Commenting on the launch, Ravi Kumar, CEO & Co-Founder at Upstox, stated, “Gold is taken into account a retailer of worth, a logo of wealth, and usually one of many most secure funding choices. At Upstox, we imagine that everybody should have entry to a number of funding choices in order that they will construct a balanced and diversified portfolio. We would like a better section of individuals to make the most of the Digital Gold providing together with Shares, Mutual Funds, IPOs, NFOs, and different merchandise to maximise methods to construct wealth.”
Upstox has partnered with #Augmont, an built-in treasured metals administration firm that empowers prospects to start investing in Digital Gold seamlessly, beginning at simply Re 1.