Buying gold is an old habit. But the way we buy it has changed fast. Today, platforms like DigiGold let you buy gold online, store it safely, and even redeem it for real jewellery or coins when you want. But how does this work? And what should you know before you turn your digital gold into something you can hold in your hand? Let’s break it down.
What Is Digital Gold?
Before we get to redemption, here’s a quick refresher. Digital gold lets you buy pure gold online, in small amounts sometimes starting with as little as ₹10. Reputed platforms store this gold securely in insured vaults. So, you own real gold, just without the hassle of lockers and physical storage.
Why Redeem Digital Gold?
While many people hold digital gold purely as an investment, you can easily convert it into physical gold. Here’s why that’s attractive:
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Make jewellery for weddings and gifts: Festivals, weddings, and milestones often need physical gold.
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Turn savings into coins and bars: You might prefer holding coins or bars at home.
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No making charges surprise: Many platforms let you lock the gold price when you buy and pay only for making charges when you redeem.
Steps to Redeem Digital Gold
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Check the Platform’s Redemption Options
Not every provider offers the same choices. Some let you convert digital gold into coins, bars, or jewellery and deliver it to your doorstep. Some partner with jewellers so you can redeem your gold for ornaments in-store. -
Decide the Quantity You Need
Check your gold balance. Most platforms have a minimum redemption quantity for example, you may need at least 1 gram to convert to a coin or bar. -
Place a Redemption Order
Through the app or website, choose your product coin, bar, or jewellery voucher. Confirm your delivery address and pay any extra costs like making or delivery charges. -
Get It Delivered or Visit a Partner Jeweller
Many platforms deliver coins or bars to your home. If you prefer jewellery, you can walk into a partner jeweller’s store, show your digital gold holding, and get your jewellery made.
Points to Keep in Mind
- Purity Guaranteed:
Reputed digital gold providers usually offer 24K gold with high purity often 99.9 percent pure. - Making and Delivery Charges:
While the gold is already paid for, you will still pay for making, packaging, and shipping. Compare charges across platforms. - Redemption Limits:
Some platforms may limit how much gold you can redeem at once or have minimum redemption sizes. - Plan Ahead for Festivals:
During Diwali or Akshaya Tritiya, delivery times may be longer due to high demand. Redeem early to avoid delays.
Digital Gold vs Walking into a Store
Many people still wonder why not just buy from a store? With DigiGold, you can buy gold anytime, in small amounts, and redeem it when prices suit you. Plus, your gold is stored safely until you need it, with insurance cover. You avoid theft risk and locker fees while building your savings gram by gram.
Final Thoughts
Digital gold is a flexible bridge between saving and owning real gold. You can invest small amounts online and turn it into coins or jewellery whenever you wish. Just be sure to choose trusted platforms, know the fees, and check your options before redeeming.
Whether it’s a wedding, a festival, or a milestone, your digital gold can easily become the physical gold you’ve always valued but with less stress and better control.
Ready to go for gold? Start your digital gold journey today on InCred Money.
Source: Goodreturns
