Still surprised seeing people buy digital gold through apps like PhonePe.
Helped many investors avoid this mistake.
Here's the problem -
Digital Gold is a big NO because:
> You pay 3% GST while buying.
> There is a 2-3% platform spread, so you buy high and sell low.
> It is not regulated by SEBI.
> If something goes wrong, you cannot approach SEBI or RBI.
If you want to invest in gold online, Gold ETFs are a much better option because:
> They are backed by physical gold.
> No 3% GST.
> No platform spread, only a small expense ratio.
> SEBI regulated with gold stored in RBI approved vaults.
You just need a Demat account. Gold Mutual Funds are also a good option.
Safer, cheaper and more transparent.
@JioMart@RIL_Updates#jiomart customers facing issues in during bill payment due to some jamming issues at Jiomart Bilaspur. Support team, please look into this asap.
Sectors with highest 10x probability going forward:
⚡ Power / Infra
🛡️ Defence
💻 Digital / AI
🧪 Specialty chemicals
(Just for study-not a recommendation)