Today, digital natives opt for digital rather than physical gold, leading to a sharp spike in the quantum of digital gold bought over multiple platforms over the past few years. If you’re planning to invest in digital gold but aren’t sure of the platforms, we’ve listed the top trusted marketplaces in India: When you set out to buy digital gold , the most important consideration is the source. MMTC-PAMP’s digital gold in India bears the 24K 999.9 purity mark and is backed by stringent authenticity verification and transparent pricing. Through their partners, MMTC-PAMP has made buying and reselling digital gold as easy as a few clicks.
Paytm
As India’s leading mobile payment and e-commerce platform, Paytm has earned a reputation for itself in the market. It has now turned its focus on giving millions of Indians accessible and convenient wealth creation opportunities. Buying and selling digital gold on the platform is quick and hassle-free, just tap on ‘Paytm Gold’ under the ‘Stocks and Wealth’ icon and choose the value/quantity of gold you want to purchase.
Google Pay
Similar to Paytm, Google Pay also allows digital gold transactions. The gold bought on the platform is stored in MMTC-PAMP maintained Gold Accumulation Plan or GAP. The owner can check all digital gold-related transactions in the Gold Locker on Google Pay.
PhonePe
The new entrant, PhonePe, also offers its members the opportunity to transact in digital gold. Members have the option to invest as low as Re. 1 and accumulate gold over time.
Aditya Birla Capital
Post-registration and activation on the Wealth Platform on Aditya Birla Capital’s website, you can directly buy gold on the platform. These prices are fixed on the day’s gold price and are refreshed every five minutes. After purchase, its equivalent in physical gold is stored with MMTC-PAMP under the ownership of the buyer. The buyer can then opt to keep it stored, resell it later, or get the physical gold delivered to them.
If you’re looking to [invest in digital gold](https://www.mmtcpamp.com/digital-gold) , these seven marketplaces are the preferred means in India to invest in digital gold as they’re both backed by the seal of MMTC-PAMP and trusted as individual providers.
To know about the list of partners authorised to sell, MMTC-PAMP digital gold, check out this page .
While jewellery and bullion such as gold coins and bars are among its most familiar forms, gold also turns up in places that have little to do with ornamentation. It helps electronic connections work, protects equipment in space and appears in everything from eyewear to dentistry.
Gold purity is commonly shown as 24K, 22K, 999 or 999.9. But these numbers cannot be confirmed by looking at the colour, shine or weight of gold. They need to be tested. This testing process is called gold assaying. The result of which helps determine its purity and supports processes such as refining and hallmarking.
Look closely at a piece of gold and you may find tiny numbers, letters or symbols stamped on it. A jewellery piece may show 22K 916 or 18K 750. A gold bar may carry 999 or 999.9. Hallmarked jewellery in India also carries a BIS mark and HUID.