Digital Gold- The Current Investment Trend in India

1K.YaminiBhargavi, S. P. NeehalikaBavya

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Abstract:

India has one of the largest millennial populations in the world, making up around 34% of the total population and accounting for a major part of the workforce. Due to increased utilization of technology and recent changes in the business markets has led investors to look up to new investment trends such as “Digital Gold Investments”. Millennials are early adopters of evolving technologies as they’re the first generation to be known as digital natives. They tend to use technology, being an integral part of almost everything they do such as shopping, communicating, listening to music, and investments too in recent times by using many personal finance and investment apps are available in the market today has attracted towards digital investments. <strong><em>“</em></strong><strong>Digital gold”</strong> provides the investor a chance of owning physical gold with the benefits of new-age technology that eliminates the hassles of inspecting physical gold for purity and then figuring a secure storage option. Providing them with technology that makes investing in gold digitally accessible and convenient to suit their preference of holding an asset digitally over physically is a smart move. This study has been made to explore the trends in “<strong>Gold Investments in India on Digital Platform</strong>” its scope in today’s business markets, applications, effects on investors, and opportunities offered in the present and its evolution in future periods.

Keywords:

Gold Investments, digital gold, millennials, digital investments, new-age technology, digital natives, gold digitally accessible

Paper Details
Month3
Year2021
Volume25
IssueIssue 3
Pages843-847

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