Are you falling into the trap of digital gold apps? Many people are investing their hard-earned money without knowing the hidden charges. Apps like Jar, Gullak, and GoldLane make it look so easy to invest in gold. But wait! Before you get excited, let’s see what’s really happening behind the scenes. Before that check out this article for more info on jar and gullak by clicking here.
We compared Jar, Gullak, and GoldLane to find out which one is better. Here’s what we found:
The Comparison Begins
- Minimum Investment Amount
- Jar: ₹10
- Gullak: ₹10
- GoldLane: ₹10
All three apps let you start with ₹10. That’s good, right?
- Minimum Withdrawal Amount
- Jar: ₹10.2
- Gullak: ₹12
- GoldLane: ₹10.10
They all have the same rules for withdrawing your money.
- Withdrawal Timing
- Jar: You get your money in 2 days.
- Gullak: Takes 2-3 days.
- GoldLane: Fastest, within 1 day.
- Hidden Charges
- Jar: High hidden charges.
- Gullak: Slightly better but still charges a lot.
- GoldLane: Very low hidden charges.
- Customer Care Service
- Jar: Okay but takes time to reply.
- Gullak: A bit slow.
- GoldLane: Quick and helpful.
What Happened to Our Investment?
We invested ₹10 in each app. After a month, this is what we got:
- Jar: ₹9.5 (after charges)
- Gullak: ₹9.7
- GoldLane: ₹10
Can you see how the hidden charges eat up your money in Jar and Gullak? GoldLane gave the best returns, but still, it’s not perfect. Here are the official links of jar, gullak and goldlane.
If you want to invest in gold or stocks, use Angel One. You can explore stocks and gold investments with better transparency in Angel One. It has no hidden charges like Jar and Gullak and gives you detailed insights to help you invest.
Final Thoughts
Digital gold apps might look fancy, but they can take away more money than you think. Always check the charges and returns before investing.
Disclaimer: This article is for educational purposes only. Always consult a financial advisor before investing.
Jar vs Gullak vs Goldlane