Oropocket

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About Oropocket

"OroPocket is an asset-backed banking solution that enables users to invest in Digital Gold and Silver - as a safe hedge against inflation and at the same time utilize these investments for day-to-day transactions via UPI and asset-backed cards. "

Digital Gold

Oropocket08 Nov, 2021Business

Gold has been a popular go-to asset for Indians for several decades now.And why not? It is perhaps one of the few assets that does not lose its value over time. However, this asset is mostly held in physical form?-?jewellery, bars, and coins?-?which gives rise to several challenges regarding storage and security.Accordingly, many investors have been looking for a better alternative and have managed to find an ideal match in digital gold. There is a lot of speculation among investors concerning whether digital gold can emerge as a better alternative. Of course, the answer to this question is subjective. Then again, it's suggested to take a close look at the difference in concept and approach towards physical and digital gold investment to gain a better idea.

How To Buy Gold Bonds

Oropocket01 Nov, 2021Business

How To Buy Gold Bonds is denominated in grams of gold. You can get in multiples of 1 gram (gm). So, the minimum investment is 1 gram. The maximum gold you can buy through gold bonds is 4 kgs per investor per financial year. Nomination facility is available. Do remember to get the nominee details updated during investment or you can do it later as well.

Best Investment Options

Oropocket29 Oct, 2021Business

Gold coins or Bars To save on ?making charges? that are applicable to gold jewelry, many investors opt for gold coins or bars. Since these coins/bars do not require skilled artistry, the making charges are not applicable. Today, you can buy these coins or bars from jewelers, banks, ecommerce websites, and many non-banking finance companies.

Gold Futures Investing

Oropocket20 Oct, 2021Business

A future is simply a deal to trade gold at terms (i.e. amounts and prices) decided now, but with a settlement day in the future. That means you don't have to pay up just yet (at least not in full) and the seller doesn't need to deliver you any gold just yet either. It's as easy as that. The settlement day is the day when the actual exchange takes place - i.e. when the buyer pays, and the seller delivers the gold.

Digital Gold Investment

Oropocket19 Oct, 2021Business

Once you invest in digital gold, the companies purchase an equivalent amount of physical gold and store it under your name in secured vaults. Today Gold is no longer used as currency but it can still be used as money. In fact, Gold has been a store of value for over 3000 years.