4 Marketplaces from Where You can Buy Digital Gold
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.
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.
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.
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 , 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