About Digital Silver
Digital Silver allows you to buy pure 99.9% silver via platforms like MMTC-PAMP or SafeGold using UPI. Unlike ETFs, you don't even need a Demat account. Once you accumulate enough grams, you can easily request delivery to your home in the form of a physical silver coin.
Be Aware of the Spread
- High Spreads: The buying and selling price shown on the app often differs by 3-5% (similar to physical shops) to cover vaulting and insurance.
- GST Impact: You lose 3% upfront to GST every time you buy, meaning the silver needs to grow by over 6-8% just to hit your break-even point.