Investing in gold is one of the easiest ways to diversify the investment portfolio. There are many ways available over the market to invest in gold. Some of them are physical gold in the form of jewelry, coin, bar, Digital Gold(Oropocket Gold), Gold ETF, Sovereign Gold Bond. These investments have their own pros and cons.
Investing in Gold ETF or Oropocket Gold, both are having the same benefits as diversification, safety & security, Easy liquidity, and hedge against inflation. But what makes them different while you choose one among them.
OroPocket is an exclusive wealth creation platform built on the blockchain. Oropocket Gold is backed by real assets in a 1:1 ratio.
Gold ETF is an exchange-traded fund that aims to track the domestic physical gold price
Where to Buy
Users can buy Gold ETF on NSE/BSE through a broker for which you need a Demat and trading account, where you have to pay the fee for opening Demat/trading account separately.
Users can buy Oropocket Gold in an easy way through the Oropocket web platform or mobile apps available over the play store and app store, where you don’t need any separate account. Just complete your KYC and you are good to go ahead to buy Oropocket Gold.
Gold ETF minimum purchase is 1 unit which is equal to 1 gram
Oropocket gold allows you to start investing in gold with as low as Re 1, which is quite efficient than as compared to Gold ETF, enabling users to accumulate gold as per their budget at their own pace during regular intervals.
Gold ETF were represented by 99.5% pure physical gold bars.
Oropocket where gold you invested is 24 Karat with 99.99% purity.
While investing in Gold ETF, you have to pay multiple fees like brokerage about 0.5% for every trade and management fee of about 1% every year for managing the portfolio.
Whereas in Oropocket, there is no hidden fee like storage or portfolio management fee, there is a flat fee of 0.25% for every buy/sell transaction.
Oropocket provides you an exclusive feature like nominee feature, in which you can assign nominee to your holdings, in case of any misshapen. The nominee will get the users holdings after full due diligence. Complete vault holdings of OroPocket are now on the blockchain, and anyone can independently verify the integrity of the holdings. By Tokenising the assets, they become mobile. Users can transfer their assets to any user across the globe instantly even if that user is not on OroPocket. Oropocket is also coming up with the MasterCard, which you can use to withdraw cash from nearby ATM.
Both the investment instruments have their own benefits as per the investor preference. Although Oropocket provides you the easiest, secure, and affordable way to invest in Gold.
A quick explainer video of Oropocket platform
Do check our previous blog on Oropocket vs Other digital gold investment platforms. Click here