Digital gold investment, jar and gullak real or fake?

Hello everyone I'm new in investing, exploring on my own. I wanted to know thoughts on daily digital gold investment of ₹10-20 through apps like jar and gullak.

I have 3 questions

  1. Is digital gold investment a good option and worth it?
  2. Are jar and gullak genuine ? (give easy investment plus withdrawal)
  3. If they are genuine, which one would you prefer?
8mo ago
SparklyBiscuit
SparklyBiscuit

Why not go for Sovereign Gold bonds backed by RBI

PeppyLlama
PeppyLlama

I'm really new in investing and earning both

PeppyLlama
PeppyLlama

Pinged you personally

SqueakyDumpling
SqueakyDumpling
SAP7mo

download auraGold :)

DancingRaccoon
DancingRaccoon
Student7mo

I would recommend you to watch this video by Shankar Nath. https://youtu.be/9UWNdpryusM?si=1bPt3A6LkDd9b4wC

MagicalMarshmallow
MagicalMarshmallow

For gold go physical no digital.

GoofyBagel
GoofyBagel

If you want to invest in commodities and stocks first open a demat account with a decent broker (Zerodha my personal fav)

If you looking to invest in bond you can consider the following

  • Soverign Gold Bond: Long lockin period but tax free (not the interest)
  • GoldBees : Kind a stock
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by ZoomyWaffleStudent

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anyone here who used Jar: digital gold app? How was your experience

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Should I invest in digital gold?

Since the stock market crashed and there was no sign of bouncing back for at least sometime for sure. Should I invest in digital gold? And app suggestions along with are also welcomed 🙂.

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