Digital Gold is an online product where you can buy and save gold in a hassle-free, convenient manner. For every online purchase you make, the seller (SafeGold) keeps an equivalent weight of physical gold in a secure vault.

Digital Gold can be bought in multiple transactions, of any denomination and accumulated over a long period of time. When needed, you can redeem your cash into your bank account.

SafeGold is the retail brand of Digital Gold India Private Limited (Company). It is an institutionally backed company, primarily owned by Invent Advisors Private Limited (Invent). The World Gold Council (India) Private Limited, as well as various other investor funds, hold minority stakes in Digital Gold India Private Limited.

SafeGold (Digital Gold India Pvt Limited) is Simplify Money's partner-seller who enables this Digital Gold platform that allows you to buy, sell and take delivery of 24K physical gold, at low ticket sizes, around the clock, and in just a few clicks.

The commonly cited benefits of Digital Gold are:

Convenience –

• You can buy fractional amounts of gold that is otherwise not available to buy.
• It can be bought at any time, around the clock.
• It can be sold at any time giving you immediate liquidity.

Pricing –

• Prices are competitive as they are linked to the wholesale market rate.
• No city/geographical price differentials are prevalent.
• Making charges are not incurred on each purchase.

Safety –

• You don't have to rent a locker or buy insurance to protect your gold.
• Every purchase is placed in a secure vault backed by a government regulated security trustee.

To pay for Digital Gold, you can use the following payment methods:

• UPI

Yes, it is safe. For every purchase of Digital Gold you make, an equivalent weight of physical gold is deposited in an insured vault that is backed by a 3P Government backed trustee. This physical gold is held in the vault until you sell your Digital Gold.

The gold associated with the accumulations credited in your account is kept in safe custody with a custodian in accordance with the terms of the offer mentioned in the product brochure. Only reputed firms such as Sequel Logistics and Brinks will be used as a custodian.

SafeGold has entered into a relationship with Vistra Corporate Services to act as a Security Trustee for all our customers. The Security Trustee is entitled to act on your behalf and ensure that your interests are protected. The Security Trustee will have a charge on the gold associated with accumulations held by you.

The secure storage provider (Brink's) has a comprehensive, global insurance policy that includes the insurance cover on your gold stored in their vaults. In addition, SafeGold has an additional insurance policy to cover gold in transit.

Yes. Your gold sits in Brink’s, the global leader in vault logistics, under comprehensive insurance that covers the metal inside the vault. SafeGold also extends insurance for the brief periods when gold is in transit (such as delivery or redemption), and both partners regularly review coverage to plug any emerging risks.

The money will be transferred instantly within 15 minutes. However, in case of delays it can take up to a maximum of 48 hours.

Yes. The SafeGold platform operates round the clock, so you can accumulate more gold or liquidate what you hold at any hour without waiting for market sessions or manual approvals.

The difference in the buying and selling prices is due to a 3% GST and costs such as bank charges, payment costs, technology costs and hedging costs that SafeGold undertakes.

They are. SafeGold streams wholesale market movements continuously, so every quote you see reflects the latest price inclusive of applicable GST, letting you transact with complete transparency.

SafeGold offers 24 Karat Gold of 995 purity (99.5% pure).

Karat is the term used to measure the purity of gold. 995 is considered to have 99.50% purity and is commonly referred to as 24K gold. Gold marked as 24 Karat is the purest gold commonly available.

Our purchase price is inclusive of 3% GST, the break-up of which can be seen on your invoice.

SafeGold provides complimentary vaulting for the first five years. After that, they may levy a small annual storage fee—currently signaled at about 0.3-0.4% per year—calculated on your outstanding gram balance. We’ll notify you well in advance if that applies to your holdings.

There is no benchmark for comparing the price of SafeGold. MCX cannot be considered as a benchmark, since there are many differences between SafeGold and MCX.

You can buy Digital Gold for as little as Rs.10. At any given point in time, you can only store a maximum gold balance of 30gms.

We initiate the payout the next business day after your sell order finishes, once your bank details pass any required verification. Because banks process transfers only during working hours and inter-bank settlements can lag, the credit may take up to four working days to reflect, though it often arrives sooner.

You can buy and sell Digital Gold without any lock in. If you buy it today, you can sell after 7 days of purchase.

We currently don't offer this feature; but we will notify you once it is made available.

Yes, you will be required to pay the minting/ making charges, delivery charges and applicable taxes. All coins are independently assayed to certify purity and delivered in tamper proof packaging. Charges are as per the table below:

No, you cannot have a joint account for SafeGold.