Is it good to invest in Upstox gold?

“Gold is considered a store of value, a symbol of wealth, and generally one of the safest investment options. At Upstox, we believe that everyone must have access to multiple investment options so that they can build a balanced and diversified portfolio.

Is Upstox gold is safe?

Does Upstox is safe? Yes, Upstox is a safe broker. It is a registered member of SEBI, BSE, NSE, MCX and CDSL. The company is regulated by the stock broker regulations.

Why is Upstox discontinuing digital gold?

Due to regulatory directives the Digital Gold platform has been discontinued by brokers.

Is Upstox gold Quora safe?

Yes, Upstox is a safe platform because it is SEBI registered. Upstox SEBI Registration No. is INZ000185137 (as RKSV Securities India Pvt Ltd). Even Investors like Ratan Tata, Tiger Global trust on Upstox and invested in it. It is also a member of NSE, BSE and MCX Stock Exchanges and CDSL depositories.

Can I get physical gold from Upstox?

With Digital Gold on Upstox, you can get the highest purity, security, convenience and transparency, along with the option to convert it to physical gold. The gold you purchase will be of the highest quality (24 karat, gold purity is 99.9\%).

Is Digital Gold safe?

(4) All investments made into digital gold are secure as all gold is assigned under the direct ownership of the investor as physical gold and kept in MMTC-PAMP’s highly secure and insured refinery. Additional security is provided by IDBI Trusteeship which acts as a custodian keeping all your gold as safe as can be.

Is Digi gold safe?

As an investment option, digital gold is considered to be safer and cost-effective. In short, if you’re sure of the jewellery you want, buy physical gold.

Can I sell digital gold?

The digital gold price is the same across India, therefore you can buy and sell gold online at fully transparent, live market rates. You can also sell your gold digitally back to the platform whenever you want without facing any deductions.