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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...
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What if the customer changes their mind post melting of metal and decides not to go ahead with the Buyback/Exchange Process?
admin admin
Sep 25, 2022 9:14 AM
Web Content Article
null {} null What if the customer changes their mind post melting of metal and decides not to go ahead with the Buyback/Exchange Process? A processing fee amounting to Rs.3000 plus tax will be...
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What is the exchange process?
admin admin
Sep 25, 2022 9:24 AM
Web Content Article
null {} null What is the exchange process? Under the exchange process, MMTC-PAMP shall purchase the customer’s metal as per the current day’s buyback rate and the amount will be credited to the...
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Responsible Gold
admin admin
Sep 21, 2022 8:15 AM
Web Content Article
Responsible Gold We invest in ensuring an ethical value chain for our offerings, and follow best practices in good governance and the highest standards set by global bodies to weed out potential...
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Building Sustainable Communities
admin admin
Sep 21, 2022 8:13 AM
Web Content Article
Building Sustainable Communities We believe in strengthening local communities and supporting them on their journey to improved welfare and greater equality. Through our grassroots,...
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gaurav kumar
Feb 17, 2023 11:14 AM
Document
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gaurav kumar
Feb 17, 2023 11:18 AM
Document
Back The First-timer’s Guide to Digital Gold and What it Means for You
A modern-day investment option, digital gold is bought online and stored in insured vaults of the seller on your behalf. This 24 Karat secured investment can be made via multiple mobile payment platforms and internet banking portals from anywhere in the world. Safer than purchasing physical gold, especially during a pandemic, digital gold is the need of the hour to help diversify a portfolio. Every purchase of digital gold once confirmed by you is then physically bought and stored securely under your name by the seller. As a first time buyer, here is a guide to help you get acquainted with digital gold:
Where to Buy
The first question any first-timer has is where to buy gold online ? In India today, digital gold is available on all e-wallets like PhonePe, Paytm, GooglePay, and more. Besides these apps, MMTC PAMP, the world’s most trusted and renowned refiner of gold and silver, lists and sells gold online. When you buy from an authorized producer like MMTC PAMP, there is no intermediate broker, nor do you have to worry about the authenticity of your gold, resale policy, or its purity.
When you purchase digital gold from the joint venture between the Government of India Undertaking and MMTC Ltd and PAMP S.A. of Switzerland, you are buying only 999.9 pure gold.
Advantages of Buying Digital Gold
1. Transparency in Pricing
One of the advantages of purchasing digital gold from MMTC PAMP is the access to quality pure gold at live market rates. The LBMA-accredited precious metal refinery allows buyers to buy digital gold at international market rates, 24 hours round the clock, 365 days of the year.
After purchasing, whether after a day, a year, or ten, you can resell your digital gold back to MMTC PAMP at the current market price. The prices are not affected by local factors including large events such as a pandemic, so you receive the entire resale value directly into your bank account.
2. Secure Transaction
Running one of the largest gold ecosystems in the world, MMTC PAMP won the ‘Best Refiner of the Year’ from 2013 to 2019. From a minimum purchase value of Re.1, the gold you buy digitally is also physically bought in your name and stored in insured vaults of MMTC. The responsibility of safely storing the gold lies with the seller and reduces the risk of theft or loss on your end.
3. Exchanging Digital Gold
Apart from enjoying the flexibility of selling your digital gold at a live current market price, you can also exchange your gold for coins and bars that will be delivered right to your doorstep.
Gold is more than just an investment for Indians. It is a sentiment that comes particularly handy in times of crisis. One of the best ways to diversify your portfolio is to invest in digital gold. It has endless advantages like flexible investment amounts, no additional charges for resale, quality assurance, and 999.9 purity guaranteed. To know more about how to build your pure gold portfolio online, head over the MMTC PAMP website here.
*Disclaimer
The information contained herein is not intended to be a source of advice or credit analysis concerning the material presented. The information and documents contained in this article do not constitute investment advice. The ideas presented in the blog should not be used without first assessing your personal financial situation or without consulting a financial professional.
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