New Delhi, May 12 -- Digital gold is a form of investment that allows individuals to buy, hold and sell 24-karat physical gold digitally without taking immediate physically possession of the metal. The gold purchased is backed by physical gold of equivalent value, which is stored by the service provider in secure vaults on behalf of the buyer.

Investors can purchase digital gold online through various fintech platforms, payment apps and brokerage applications, often starting with small amounts, making it ideal for first-time investors, small savers, and those who prefer the convenience of online transactions over purchasing physical gold.

Depending on the platform's terms and minimum quantity requirements, the digital gold that your acc...