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by wizely

Gold has always been a trusted investment, but the way we buy and hold it has undergone significant evolution. Digital gold is gaining popularity, yet many people still hesitate due to misconceptions. Some worry about authenticity, others about security, and a few believe it’s only for big investors.

The truth? Digital gold is one of the easiest and safest ways to invest in gold today. And with Wizely, it’s accessible to everyone, whether you’re a seasoned investor or just starting out. Let’s clear up some common myths and see how Wizely makes digital gold investing simple and secure.

Myth 1: Digital gold isn’t real gold

Many assume that digital gold is just a virtual concept with no real backing. That’s not true. When you buy digital gold through Wizely, you’re purchasing actual 24K physical gold stored in secure vaults by our partners, Brinks and Vistra. Every gram you own is backed by real gold, certified by NABL and the purchase is carried out by our partner Safegold, a reputed name in the industry.

Myth 2: You need a lot of money to start

A lot of people believe gold investing is only for those who can afford big amounts. But with Wizely, you can start with as little as ₹500. There’s no pressure to buy large quantities. You can gradually build your gold savings at your own pace.

Myth 3: Physical gold is visible, hence safer

It’s natural to want gold you can see and touch. Physical gold offers a sense of control and reassurance. But storing it isn’t always simple. There’s the risk of theft, damage, or even loss. Wizely’s digital gold gives you the same sense of ownership, with none of the storage worries. It’s securely held in high-security vaults, insured, and always accessible when you need it.

Myth 4: Digital gold isn’t easy to encash

A common misconception is that digital gold can’t be converted to cash quickly. In reality, selling digital gold is faster than selling jewelry or coins. With Wizely, you get instant liquidity, sell anytime, and receive the amount directly in your bank account.

Myth 5: Gold investments don’t earn returns

Some believe gold is just for safety, not growth. While gold doesn’t pay dividends like stocks, its value appreciates over time, especially during economic uncertainty. With Wizely, you buy at market rates and can sell when prices rise, making it both a protective and potentially rewarding investment.

Myth 6: Selling digital gold is complicated

People worry that selling digital gold takes days or involves hidden charges. With Wizely, you can sell your gold just 48 hours after purchase, at live market rates. All charges, if any, are clearly displayed upfront before you confirm the sale. The entire process is quick, transparent, and done in just a few taps.

Myth 7: Digital gold requires heavy documentation

Many assume investing in digital gold means piles of paperwork. With Wizely, you just need:

Basic details (name, phone number, email)

PAN card for one-time KYC

No lengthy forms or complex processes are required. Just quick digital verification so you can start investing in minutes.

Digital gold has now become the smarter way to invest in gold. Whether you’re looking to diversify your portfolio or simply want a safe, liquid asset, Wizely makes it accessible to everyone. The best part? You don’t need to be an expert to begin. With transparency, security, and flexibility, Wizely ensures a smooth and rewarding gold investment journey.

Ready to start? Download Wizely today and take the first step towards smarter gold investing.

FAQs

1. Is digital gold actually backed by real gold?

Yes. When you buy digital gold through Wizely, you’re buying 24K physical gold stored securely in vaults by trusted partners like Brinks and Vistra. It’s not a paper promise, it’s real gold, with full authenticity certification.

2. How much money do I need to start investing in digital gold?

You can start with just ₹500. Wizely allows you to invest small amounts, making it easy to build your gold savings over time, with no need for a big upfront commitment.

3. Can I sell my digital gold anytime?

Yes, after 48 hours of purchase, you can sell your digital gold instantly through the Wizely app. The process is simple, transparent, and the money is deposited directly into your bank account.

4. Is digital gold safe compared to physical gold?

Absolutely. Digital gold with Wizely is stored in insured, high-security vaults. Unlike physical gold at home, there’s no risk of theft or damage.

5. Do I need to submit a lot of documents to start investing?

No. You only need basic information and your PAN card for one-time KYC verification. The process is quick, fully digital, and takes just a few minutes.