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The issue price is the average closing price of 999 purity gold from the last 3 business days before the subscription period, as published by the India Bullion and Jewelers Association Limited (IBJA). The redemption price, for both early and maturity redemptions, is the average closing price from the 3 business days before repayment. [14]
Digital gold currency (or DGC) is a form of electronic money (or digital currency) based on mass units of gold. It is a kind of representative money , like a US paper gold certificate at the time (from 1873 to 1933) that these were exchangeable for gold on demand.
Here's how your physical gold and digital gold options compare. Purchasing. With digital gold, you'll typically need to open a brokerage account, which most companies allow you to do online. You ...
It can dispense gold coins ranging from 0.5 grams to 100 grams. [11] [12] [13] In the machine, people can use credit or debit card. [14] It gives 24/7 service to their customers [15] and also gives the live price of gold. [16] The gold will be of 24 carat and can store 5 kg gold. [17] [18] It gives pure and hallmarked gold coins. [19]
The company claims that they are the first brand to offer only 100% BIS hallmark gold. [7] Though the company is mainly committed to India, they are also present across the Gulf and Far East markets. [8] In 2012, the company had a turnover of ₹12,000 crore and by the end of 2013, it posted a turnover of ₹22,000 crore.
The company won The Hindu Business Line Changemaker Award for Digital Transformation in March 2020. [1] The platform was also nominated for the United Nations' ITU WSIS Prize. [29] In 2018, it was honoured with Digital India Platinum Award for 'Exemplary Online Service' by the Ministry of Electronics and Information Technology (MeitY). [29]
As per McKinsey & Company, by 2030 ONDC has the potential to increase digital consumption in India by $340 billion. [34] On 6 August 2024, Government of Nagaland and ONDC signed MoU for supporting digital sales of small companies, farmers, craftsmen, and entrepreneurs. Ilandlo Services has been appointed as the nodal agency.
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