Today, the country is celebrating Dhanteras 2024. On this occasion, the jewelry market is abuzz, and despite the soaring price of gold, its demand has increased significantly. Meanwhile, many companies are offering customers the option to buy gold from home, with billionaire Mukesh Ambani’s company Jio Finance joining the ranks. What’s special is that Jio Finance is offering digital gold at a price of only Rs 10. Purchase options.
Mukesh Ambani’s company comes with new plan
Jio Finance, owned by Reliance Industries Chairman Mukesh Ambani, has launched the SmartGold plan where customers can buy digital gold for just Rs 10. Ambani’s company launched the scheme on Dhanteras, the pre-Diwali festival. In the SmartGold program, investments in digital gold can also be cashed out.
SmartGold units earned from this gold investment can be exchanged for cash, gold coins or jewelry at any time. What’s special about this scheme is that it doesn’t require an investment of thousands or lakhs of rupees, whereas gold investment can start with just Rs 10.
No chance of being stolen
To facilitate understanding of how the SmartGold program works, after a customer invests, he or she will purchase 24-carat gold equivalent to that investment in SmartGold and keep it in an insured vault. As digital gold, it cannot be lost or stolen, and there is no need to open a locker. It is absolutely safe and you can sell it anytime by checking the live market price of gold on the Jio Finance app.
2 options for gold investment
The company offers customers two options to invest in gold under its SmartGold plan on the Jio Finance App. The first is that he can decide the total amount of investment and the second is the weight of gold that he can invest in grams. The delivery of physical gold is only carried out when holding 0.5 grams and above. Its denominations are 0.5 grams, 1 grams, 2 grams, 5 grams and 10 grams. If the customer wants, he can also purchase gold coins directly on the Jio Finance app and avail the convenience of door-to-door delivery.
Buy gold in bulk on Dhanteras
Buying gold in Dhanteras is considered auspicious. Gold is believed to be an image of Goddess Lakshmi and this yellow metal is said to be her symbol. Dhanteras is the worship of Lakshmi, the goddess of wealth, and Kuberji, the god of wealth, and it is believed that buying gold on this day will bring prosperity to your family throughout the year. Currently, buying gold is one of the most expensive transactions. Talking about the prices, the gold rate (Gold Rate) on MCX runs at Rs 78,536 per 10 grams, while in the domestic market, as per the IBJA website, the gold rate (24 carat 10 grams gold) runs at Rs 78,250.
