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How do I close my account
admin admin
Sep 23, 2022 11:02 AM
Web Content Article
null {} null How do I close my account? Customer needs to place the request for delivery/ redemption or sell back, if sale back window is active for liquidating the gold holding, if any. If you do...
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What happens in case of a failed attempt of delivery
admin admin
Sep 23, 2022 11:00 AM
Web Content Article
null {} null What happens in case of a failed attempt of delivery? Delivery to your address will be attempted three times. If you are not available at your mentioned address to accept the delivery,...
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What happens in case of a failed attempt of delivery
bhavika sony
Sep 30, 2022 6:32 AM
Web Content Article
null null null {} Delivery to your address will be attempted three times. If you are not available at your mentioned address to accept the delivery, after the third time package shall be returned...
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How do I close my account?
bhavika sony
Sep 30, 2022 6:33 AM
Web Content Article
null null null {} Customer needs to place the request for delivery/ redemption or sell back, if sale back window is active for liquidating the gold holding, if any. If you do not have any gold...
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Can I transfer my gold balance?
bhavika sony
Sep 30, 2022 6:34 AM
Web Content Article
null null null {} You can transfer your gold balance online if the partner platform provides features. The gold balance can be transferred only to the accounts within the same platform. For...
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Are there any charges associated with transfer?
bhavika sony
Sep 30, 2022 6:37 AM
Web Content Article
null null null {} There are no charges associated with transferring gold balance. {} Are there any charges associated with transfer?
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My digital gold seller has stopped servicing my account. I now want to sell my digital gold. What is the process?
bhavika sony
Sep 30, 2022 6:37 AM
Web Content Article
null null null {} We would like to assure you that your digital gold investment is safe with MMTC-PAMP. The gold you have bought via you intermediary is allocated as physical gold under your direct...
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My digital gold seller has stopped servicing my account. I still want to hold on to my digital gold investment. Can I do that?
bhavika sony
Sep 30, 2022 6:38 AM
Web Content Article
null null null {} Please be assured that the gold you have bought via you intermediary is allocated as physical gold under your direct ownership and stored within fully insured, certified vaults...
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What gold rate will be applicable for me if I am not selling my digital gold via seller using live pricing?
bhavika sony
Sep 30, 2022 6:39 AM
Web Content Article
null null null {} You shall receive the credit applicable for the weight of gold requested to be redeemed. The price applicable shall be as on same day at 5 pm as cut-off. For requests received...
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My digital gold seller has stopped servicing my account. Can I get my holding statement? Or can you please give me a holding certificate?
bhavika sony
Sep 30, 2022 6:40 AM
Web Content Article
null null null {} Upon validation of your KYC, we can share with you your holding statement. {} My digital gold seller has stopped servicing my account. Can I get my holding statement? Or can you...
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My digital gold seller has stopped servicing my account. I want to continue to buy digital gold. What is the process?
bhavika sony
Sep 30, 2022 6:41 AM
Web Content Article
null null null {} We continue to offer our digital gold product through several other partners and you can continue to buy and sell digital gold seamlessly in future by opening a digital gold...
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What is Gold Accumulation Plan (GAP)?
bhavika sony
Sep 30, 2022 6:54 AM
Web Content Article
null null null {} The GAP allows you to purchase gold using your Partner Platform account. The minimum transaction value across different platform varies from INR1 to INR1000. You can buy and sell...
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What is live gold price?
bhavika sony
Sep 30, 2022 6:55 AM
Web Content Article
null null null {} Live gold price means the gold rate in Indian Rupees (INR) per gram of (999.9) fine gold as posted from time to time, exclusive of product manufacturing/making charges and...
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How do I buy digital gold?
bhavika sony
Sep 30, 2022 6:56 AM
Web Content Article
null null null {} You can make an offer to buy Gold at the rate displayed on the Partner Platform in either rupees or grams. For example, you can buy gold worth INR1 and above or 0.1 gram and...
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Can I cancel my gold purchase?
bhavika sony
Sep 30, 2022 6:57 AM
Web Content Article
null null null {} Once MMTC-PAMP has accepted your offer to buy, cancellations or refunds are not allowed. You can however sell your gold back to MMTC-PAMP 72 hours after your first purchase {} Can...
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How do I sell the gold I have accumulated?
bhavika sony
Sep 30, 2022 6:59 AM
Web Content Article
null null null {} When the sale back window (open sale back window) is active, you can offer to sell your Gold accumulated on Partner Platform in either Rupees or Gram. For example, you can offer...
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Why is the ‘sell price’ lower than ‘buy price’?
bhavika sony
Sep 30, 2022 7:00 AM
Web Content Article
null null null {} Gold like any other commodity, which is tradable has a buy-sell spread. The spread for Digital Gold buy and sell transactions is due to 3% GST and other handling and processing...
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How do I redeem my gold?
bhavika sony
Sep 30, 2022 7:01 AM
Web Content Article
null null null {} You can select the quantity and denomination of the gold you wish to redeem from the available options of coins on the Partner Platform. You can request for all or part of your...
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Are there any charges associated with transfer?
bhavika sony
Sep 30, 2022 7:02 AM
Web Content Article
null null null {} There are no charges associated with transferring gold balance. {} Are there any charges associated with transfer?
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What is the maximum period for which MMTC-PAMP will store my gold
admin admin
Sep 23, 2022 10:12 AM
Web Content Article
null {} null What is the maximum period for which MMTC-PAMP will store my gold? You can buy and store your gold FREE of cost for a period of 5 years from the date of purchase with us. This period...
Back Why it is Important for Entrepreneurs to Invest in a safe asset like Digital Gold
Every Indian entrepreneur has, at least once, faced the question ‘Are you sure about this?’ from a concerned elderly family member. Trading cushy salaried jobs to follow the entrepreneurial dream is indeed a risk that, while worth taking, comes with more challenges than the regular nine-to-five stint. And at the fulcrum of most of these challenges is money.
From breaking fixed deposits to scurrying around for procuring business loans, or hesitantly borrowing from friends and family, entrepreneurs face tough times financially, not just at the start, but also well into the next couple of years. As most start-ups take years to find their footing and start making profits, they may find themselves constantly financially challenged. Add to that the delay in concrete future planning due to the gap years of low or no funds inflow. These factors may cumulatively affect the overall financial standing, which is why it’s even more important for entrepreneurs to have a well-crafted long-term investment plan, both for the business and themselves.
What should an entrepreneur’s investment portfolio look like?
Entrepreneurs need to have a diversified portfolio with the right mix of high-risk-high-ROI and safer instruments. But should entrepreneurs be investing in high-risk options when they are already plagued with money woes? Since we’re considering it from a long-term perspective, stocks are a noteworthy fit here as they can be played around with during periods of favorable changes over an extended duration. And also while they may be tempted to avoid all risks, a little calculated risk can yield higher returns to tackle short-term exigencies.
However, given how unprecedented situations, such as the current global pandemic has changed the face of businesses, prompting various start-ups and even established companies to either halt operations or completely shut shop, it is important to have a sound investment strategy. And the yellow metal – gold – has stood the test of time, living up to its identity of a safer and resilient investment choice. In fact, gold acts more as a hedge than an instrument. While stock investments give you equivalent ownership of the company and bonds elicit a payable interest, gold, on the other hand, safeguards against economic inconstancy.
For instance, during last year’s peak pandemic period, while the volatility of the stock market had every investor on their toes, the value of gold jumped from Rs. 39,100 to Rs, 52,300 between January and October 2020. This establishes that gold finds preference in every entrepreneur’s investment portfolio.
But why Digital Gold?
As the median age of investors changes, so does their mode of investment. Traditional investment avenues are soon becoming obsolete, thanks to digital natives who want everything at the click of a button. Besides convenience, owning physical gold comes with security and safety risks and added expenses. The owner has to either find trustworthy gold vaults that come at a charge or live in constant fear of the safety of stored gold at home. Digital gold does away with these concerns and also omits the commission charges associated with physical gold bought from dealers.
The authenticity and purity of physical gold are also questionable, whereas, digital gold from MMTC-PAMP carries a 99.999% purity grade, thereby yielding the highest return value. Digital gold is also easier to transact in or liquidate, which translates into instant funds in times of contingencies- something start-ups need to unquestionably account for.
A smart investor must be cautious yet open to change, and the investment portfolio should mimic this attitude. A diversified portfolio with constant fidelity to gold as some percentage of the total could lead to a fantastic long-term payoff that enables solidifying and expanding from the business standpoint, and creating financial stability, from the entrepreneur’s standpoint.
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