To further enhance its roots in different segment, the digital wallet player, Paytm has recently launched “Digital Gold” product to let users buy Gold starting at Rs 1. Yes, a user can buy pure gold, 24K 999.9 for denominations as low as Re 1. The users can store, trade or take the home delivery of the gold in the form of coins. This product has been evolved by partnering with MMTC-PAMP (Metals and Minerals Trading Corporation of India.
MMTC-PAMP is a joint venture of MMTC and PAMP SA of Switzerland which was set up in 2008 and recognized by the London Bullion Market Association. The digital wallet player has launched the product at just the right time ahead of Akshaya Tritiya, which is an auspicious time for buying Gold for Indian consumers. The digital gold platform offers users an easy way of long-term investment in physical gold.
In this way, the users who used to buy non-standard gold coins from jewellery stores or standard gold coins retailed by SBI and other outlets will have a much more trusted platform to make their investments.
Gold is one of the most preferred categories of investment for Indians and with this platform, the investment process has been made quite easy and hassle free. Through Paytm’s digital gold platform, the user will be able to trade international quality gold at market-linked prices instantly. The main aim is to give a user flexibility of investing as much money as one want.
The platform also allows users to purchase gold online and store it in MMTC-PAMP’s vaults free of charge. The same gold can be requested to be delivered at their home in the form of minted coins or can sell online instantly.
So, if you are looking to invest in Gold then, Paytm has come up with quite an efficient model to make your overall process easy.