When it comes to owning and trading gold, there are a lot of options. The most popular are gold coins and small gold bars, but unfortunately, these are also some of the most expensive ways to own gold. In fact, when calculating the cost of gold, potential investors must consider the price, but they must also consider the return on investment, shipping and insurance, and the increase in value after buying and selling gold. While several companies offer free shipping of gold coins and small ingots, this is not a transparent process.
The cost you pay for shipping or moving is actually transferred to the cost of the gold itself, along with manufacturing costs and profit margin. As a result, it's fairly common for buyers to pay 5 to 8 percent above the actual wholesale price of the gold item. With a deep knowledge of precious metals unmatched by any competing association, APMEX and Sprott came together with a shared vision of the evolution of precious metal ownership. OneGold is the result of the knowledge, experience and resources of these two globally recognized partners.
If you're looking to buy and sell gold digitally, these are your options and how to invest in digital gold. Organizations that allow digital gold trading, such as Google Pay, PhonePe and Paytm, offer a web platform or a mobile application that allows you to buy and sell digital gold for an investment amount as low as 1 INR. When gold is bought digitally, the increase in the value of gold along with interest is passed on to the investor.