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What is live gold price
admin admin
Sep 23, 2022 9:39 AM
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null {} null What is live gold price? 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...
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What is open sale back window
admin admin
Sep 23, 2022 9:42 AM
Web Content Article
null {} null What is open sale back window? Open sale back window is the period during the customer can place request for sale of their digital gold. MMTC-PAMP reserves the right to close the open...
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Is the partner platform legally allowed to sell gold on their platform
admin admin
Sep 23, 2022 9:45 AM
Web Content Article
null {} null Is the partner platform legally allowed to sell gold on their platform? The seller is MMTC-PAMP India, India’s largest gold refinery. Partner Platform is only providing a platform for...
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Who is the custodian of my gold till redemption
admin admin
Sep 23, 2022 9:46 AM
Web Content Article
null {} null Who is the custodian of my gold till redemption? At no point does the ownership of your accumulated Gold transfers to either Partner Platform or MMTC-PAMP. MMTC-PAMP is the custodian...
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Is there any frequency at which I need to make transactions to keep my account active Alternatively, what makes my account inactive
admin admin
Sep 23, 2022 9:49 AM
Web Content Article
null {} null Is there any frequency at which I need to make transactions to keep my account active? Alternatively, what makes my account inactive? No. The customer does not have to do transactions...
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How can I get my holding statement
admin admin
Sep 23, 2022 9:50 AM
Web Content Article
null {} null How can I get my holding statement? You can get your gold holding statement by logging in to the partner platform. Please reach out to your partner platform in case of difficulty in...
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Can I have a joint account for this plan
admin admin
Sep 23, 2022 9:51 AM
Web Content Article
null {} null Can I have a joint account for this plan? Joint account is not permitted for the GAP plan. null {}
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Can minors buy digital gold online
admin admin
Sep 23, 2022 9:53 AM
Web Content Article
null {} null Can minors buy digital gold online? Minors are not eligible to buy or sell digital gold online. null {}
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Are my gold account details shared with any tax authorities
admin admin
Sep 23, 2022 9:54 AM
Web Content Article
null {} null Are my gold account details shared with any tax authorities? No. Only, in case of any enquires by government authorities, we will have to provide the requested information. null {}
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In case I relocate to outside India, can I continue accumulating Gold
admin admin
Sep 23, 2022 9:55 AM
Web Content Article
null {} null In case I relocate to outside India, can I continue accumulating Gold? You can choose to accumulate digital gold after relocating to outside India at your own risk. MMTC-PAMP does not...
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What tax implications do I have, if I accumulate gold on partner platform
admin admin
Sep 23, 2022 10:07 AM
Web Content Article
null {} null What tax implications do I have, if I accumulate gold on partner platform? At the time of purchasing and redeeming Gold, all applicable taxes are included in your invoice. The taxes...
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Can I visit the vault to inspect my Gold physically
admin admin
Sep 23, 2022 10:08 AM
Web Content Article
null {} null Can I visit the vault to inspect my Gold physically? No. The vault contains the gold holdings of all customers of MMTC-PAMP. Individuals cannot be allowed to visit the vault for...
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How do I open my account for GAP
admin admin
Sep 23, 2022 10:09 AM
Web Content Article
null {} null How do I open my account for GAP? Customer needs to register themselves on Partner Platform by providing name, PIN code and mobile number. Partner platforms may have their own specific...
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Do I require to complete my KYC to open my GAP account
admin admin
Sep 23, 2022 10:09 AM
Web Content Article
null {} null Do I require to complete my KYC to open my GAP account? MMTC-PAMP does not require the customer to complete KYC to open GAP account or buy digital gold. However, partner platforms can...
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What are the registration fees for GAP
admin admin
Sep 23, 2022 10:10 AM
Web Content Article
null {} null What are the registration fees for GAP? There is no registration fee to open a GAP account. Any valid Partner Platform account holder can open a GAP account. null {}
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What should I do, in case of fraud on my digital gold account
admin admin
Sep 23, 2022 10:13 AM
Web Content Article
null {} null What should I do, in case of fraud on my digital gold account? You are responsible for keeping your Partner Platform account details in a secure manner corresponding to existing...
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How can I be assured that gold coins delivered to me are genuine and trustworthy
admin admin
Sep 23, 2022 10:13 AM
Web Content Article
null {} null How can I be assured that gold coins delivered to me are genuine and trustworthy? The gold coins are directly dispatched from MMTC-PAMP manufacturing unit. All the coins are delivered...
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How can I trust that the delivery will be made to the correct person
admin admin
Sep 23, 2022 10:14 AM
Web Content Article
null {} null How can I trust that the delivery will be made to the correct person? Before the delivery is attempted, customer will be sent an OTP on the registered mobile number by the logistic...
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Who will you deliver to, in case I did not respond
admin admin
Sep 23, 2022 10:15 AM
Web Content Article
null {} null Who will you deliver to, in case I did not respond? We can only deliver to the designated person as mentioned at the time of placing the delivery request. null {}
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In case of any natural disaster, if the gold in MMTC-PAMP vault is destroyed or in case of theft, will I lose all the money used in buying my accumulated gold
admin admin
Sep 23, 2022 10:19 AM
Web Content Article
null {} null In case of any natural disaster, if the gold in MMTC-PAMP vault is destroyed or in case of theft, will I lose all the money used in buying my accumulated gold? No. You will not lose...
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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