How to Buy 24K Digital Gold Online This Dhanteras
Dhanteras marks the beginning of the Diwali celebrations and buying gold is a long-standing tradition for many Indian families. While some prefer visiting jewellery shops, others choose to buy gold online. With digital gold, you can purchase 24K gold from your phone without visiting a store. Knowing the steps in advance can help you complete your purchase with confidence on Dhanteras.
Why is Gold Bought on Dhanteras?
Dhanteras, also known as Dhanatrayodashi, marks the first day of the five-day Diwali festival. The day is associated with Lord Dhanvantari, Goddess Lakshmi and Lord Kubera, who represent health and prosperity. Many families buy gold, silver or new utensils as a symbol of good fortune for the year ahead. Gold also holds cultural and family value, with jewellery and other gold items often passed down through generations.
What Does 24K Gold Mean?
Karat measures the purity of gold on a scale of 24. 24K gold is considered pure gold, with digital gold commonly offered at 99.99% purity, also known as 999.9 fineness.
Different levels of gold purity suit different uses:
– 24K gold: The highest-purity form, commonly used for gold coins, bars and digital gold.
– 22K gold: Contains around 91.6% gold and is widely used for traditional jewellery.
– 18K gold: Contains 75% gold and is often used for jewellery with gemstones and contemporary designs.
When you buy 24K digital gold, you buy a quantity of high-purity gold. Its value changes with the applicable gold price.
How to Buy 24K Digital Gold This Dhanteras
Financial platforms such as the JioFinance app allow users to buy digital gold online. Preparing your account before Dhanteras can make the process easier.
Before Dhanteras: Set Up Your Account
– Download the app and sign in using your mobile number.
– Complete the required KYC verification using the accepted documents.
– Check whether your bank account, held in your own name, is linked for receiving sale proceeds.
– Check the Dhanteras muhurat if you plan to buy at an auspicious time.
On Dhanteras: Complete Your Purchase
– Open the gold section and check the current 24K gold price.
– Enter the amount you want to spend or the quantity of gold you want to buy.
– Review the purchase summary, including GST and the total amount payable.
– Confirm the details and complete the payment using UPI or another available payment method.
After Your Purchase: Save the Details
– Check that the purchased gold appears in your account.
– Download and save the invoice.
– Record the quantity purchased and the price paid for future reference.
How to Read Your Digital Gold Purchase Summary
Before confirming your payment, review the purchase summary to understand the cost.
The following example shows the calculation for one gram of gold.
| Purchase detail | Illustrative amount | What it means |
| Live 24K gold rate | INR 12,000 per gram | The quoted buying price for one gram |
| Quantity | 1.0000 g | The quantity of gold being purchased |
| Gold value | INR 12,000 | The rate multiplied by the quantity |
| GST at 3% | INR 360 | Tax charged on the gold value |
| Total payable | INR 12,360 | The total amount paid |
These figures are illustrative. Gold prices change throughout the day.
The quoted rate may remain valid for only a short period while you complete the payment. If it expires, check the updated price and total payable before confirming the purchase.
Can You Buy Digital Gold During the Dhanteras Muhurat?
You can buy digital gold online without visiting a physical store. This can make it easier to buy gold during an auspicious time, including when the muhurat falls in the evening. However, payment processing and platform availability may affect when a transaction is completed, so check the app’s terms in advance.
Family members can also make purchases through their own accounts, subject to the platform’s verification requirements. This allows each person to hold their gold in their own name.
How Can You Make Your Dhanteras Gold Purchase Go Further?
Your Dhanteras purchase can be the start of a longer-term savings goal. Consider these options:
– Start a Gold SIP: Invest a fixed amount at regular intervals, such as daily, weekly or monthly, if the provider offers these options.
– Set a target: Choose a goal, such as accumulating 5 or 10 grams of gold by the next Dhanteras. Remember, the amount you can buy depends on gold prices.
– Explore coin delivery: Some providers allow you to redeem digital gold for physical coins. Check the available denominations, delivery charges and other conditions.
– Sell when needed: You may be able to sell part or all of your holdings at the provider’s quoted selling price. Check the applicable rate and terms, including how the provider will transfer the proceeds to your bank account.
The value of digital gold can rise or fall and the selling price may differ from the buying price. Review the costs and terms before you buy.
Conclusion
Buying gold on Dhanteras is a meaningful tradition for many families. Digital gold offers another way to mark the occasion without visiting a jewellery shop. Set up your account in advance, check the current gold price and review the total cost before paying.
Digital platforms such as the JioFinance let you buy 24K digital gold online and track your holdings. Read the provider’s terms carefully so you understand the costs, storage arrangements and selling options before you buy.