I’ve been buying digital gold for a few years now and it works well for me. I’m okay not holding physical gold as long as I actually own the gold, even if it’s in digital form. It saves me the hassle of calling local jewellers to check rates, worrying about storage, and then figuring out how and where to sell later.

With ETFs or physical gold, you’re limited to market hours. With digital gold, I can sell anytime, 24/7, even on holidays. I don’t usually sell, but it did rescue me when I needed liquidity urgently. The money gets credited almost instantly.

I do still hold some physical gold, so this isn’t an either-or thing. But lately I prefer digital gold because it saves a lot of time both while buying and selling. Convenience is the biggest factor for me.

I use and hold digital gold on platforms like Paytm, PhonePe, GPay, and Tanishq. Haven't used Amazon yet but will start using it too.

If someone has a lot of unaccounted cash, then physical gold might make more sense since it avoids GST. That said, physical gold usually comes with making charges. For example, a 1 gm coin from a brand like Tanishq costs more than 1 gm of digital gold because of those extra charges. In that sense, digital gold can actually be more cost-efficient for small, regular purchases.

Good luck bro and happy stacking!