You can either trade gold on the exchange or simply trade in the commodity.
You can either trade gold on the exchange or simply trade in the commodity.
There are two ways of trading gold online:
- You can trade it in the commodity market, where you buy and sell the physical asset—analogous to a stock-market trader buying shares of Apple stock and selling them when he feels their price has peaked. The New York Mercantile Exchange (NYMEX), part of CME Group, is one example of such an exchange.
- You can trade it on the exchange, where you buy and sell it in the same way as you would a stock—but only with a futures contract that limits your exposure to risk while still allowing you to profit from price movements.
There are a few platforms that allow you trade in gold including Wisdom Capital.
You can trade in gold on a number of platforms, including Wisdom Capital. Wisdom Capital is an Indian trading app that allows you to trade in commodities such as gold and copper. It has an app for Android and iOS devices.
Wisdom Capital offers 24/7 customer service through their customer care number, chat support, and email address. You can visit their website or download their app from Google Play Store or Apple App Store if you are interested in learning more about Wisdom Capital.
Gold is one of the most popular investment forms and will remain so, as it is also an important part of religious ceremonies especially during festivals like Akshya Tritiya. Hence, if you want to invest in gold, it is good to look at options like online trading to help you get a better price for it.
Gold is one of the most popular investment forms and will remain so, as it is also an important part of religious ceremonies especially during festivals like Akshya Tritiya. Hence, if you want to invest in gold, it is good to look at options like online trading to help you get a better price for it.
Gold has always been an ideal way of diversifying your portfolio as well as integrating long-term security. This shiny yellow metal has always kept its value intact during times of inflation, recession or economic turmoil. It is true that in the recent past, the prices of gold have declined slightly; however, the long-term trend indicates that gold prices will keep going up and touch new highs soon.
The best part about investing or trading in gold online is that you can do so from any location at any time using your smartphone or computer through websites or mobile apps offered by stockbrokers such as Angel Broking, who are also members of MCX and NCDEX. The steps to trade in gold include:
- Log In To Your Account: You need to log into your account with a reputed broking company that offers services in trading in commodities such as MCX and NCDEX on their website or app using your username and password. On doing so for the first time after signing up with them for commodity trading, you can click on ‘Commodity’ which will allow you to trade not just in MCX but also other commodities like bullion (gold), crude oil etc.
- Verify Your Details And Link Your Bank Account: After logging into your account, you need to verify your details based on PAN card number, name etc., by submitting documents that match these details along with linking your bank account with UPI ID/IFSC code/Account Number/Aadhar Number which enable transaction settlement between buyer and seller accounts held by brokers automatically through NSCCL when buy/sell orders are executed successfully through them
