Under this scheme the buyer doesn’t require investments in the thousands or lakhs of rupees—one can start investing in gold with just Rs 10.
Read More:-Dhanteras 2024: JioFinance app will let you buy gold starting as low as Rs 10
New Delhi: The nation is celebrating the festival of Dhanteras (Dhanteras 2024) today. As per the Hindu tradition, people buy gold or anything new on this day. Every market today is busting with activities and despite skyrocketing rates, there has been a significant rise in demand of GOLD. In a strategic move, billionaire Mukesh Ambani’s company, Jio Finance has decided to offer customers the option to buy gold from the comfort of their homes. The highlight is that Jio Finance is providing the option to purchase digital gold for as little as 10 rupees.
Mukesh Ambani’s Company Launches New Scheme
Jio Finance, the company owned by Reliance Industries Chairman Mukesh Ambani, has launched the SmartGold scheme which will enable the customers to purchase digital gold for just Rs 10. Ambani’s company introduced this scheme on Dhanteras, just before Diwali. Under the SmartGold scheme, investments made in digital gold can also be redeemed.
SmartGold units purchased through this gold investment can be converted at any time into cash, gold coins, or jewelry.
What Makes This Scheme Unique?
Under this scheme the buyer doesn’t require investments in the thousands or lakhs of rupees—one can start investing in gold with just Rs 10.
Once the customer puts money in the SmartGold Scheme, 24 Karat gold equivalent to the investment amount will be purchased and stored in an insured vault. Since it is digital gold, there is no risk of loss or theft, nor is there any need to open a locker for it. The investment remains completely secure, and you can view live gold market rates on the Jio Finance app and sell it whenever you wish.
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Two Options for Gold Investment
The company is offering customers two options for investing in gold through the SmartGold scheme on the Jio Finance App. The first is to set a total investment amount, and the second is to invest based on the weight of gold in grams.
Physical gold delivery will be available only for holdings of 0.5 grams or more. It will be offered in denominations of 0.5 grams, 1 gram, 2 grams, 5 grams, and 10 grams. Customers can also directly purchase gold coins on the Jio Finance app and enjoy the convenience of home delivery.
