How to buy digital gold this Diwali from top jewellers
In contrast to conventional gold investments, which frequently entail buying actual gold in the form of bars, coins, or jewelry, digital gold enables you to possess gold digitally. You can buy 24K gold with a purity of 999.9 to hedge against markets.
Digital gold can be brought through online platforms that allow investors to purchase fractions of physical gold that are kept in safe vaults.
Digital gold can be brought through online platforms that allow investors to purchase fractions of physical gold that are kept in safe vaults.
The term "digital gold" describes the modern way of investing in gold without really possessing it. Investors can safely purchase, sell, and keep gold in digital form. The fact that each unit of digital gold is equivalent to a certain quantity of real gold guarantees that your investment is supported by real assets.
Digital gold is available in India from MMTC-PAMP, Augmont, and SafeGold. Additionally, you can buy it from websites like as financial institutions, brokerage firms, and mobile e-wallets. The market price of actual gold determines the return on this investment, whereas digital gold is completely insured, 100% pure, and stored securely.
You can avoid paying storage costs that you would otherwise have to pay to banks because MMTC-free PAMP stores your gold for five years. Keep an eye on current gold prices to ensure you purchase at the right moment.
How to buy digital gold from from MMTC-PAMP via Google Pay
Google Pay lets you digitally buy and store gold from MMTC-PAMP India Pvt. Ltd. using your existing payment methods.
How to buy gold
To buy gold on Google Pay, follow these steps:
Step 1: Open Google Pay.
Step 2: In the search bar, enter "Gold Locker" and find it.
Step 3: Tap Gold Locker.
Step 4: Tap Buy. The current market buying price of gold (including tax) appears. This price stays locked for 5 minutes after you begin the purchase, as the buying price may change throughout the day.
Note: Taxes may be different in different areas, based on your postal code.
Step 5: Enter the amount of gold you want to buy, in INR.
There's no overall limit on the total worth of gold you can buy. However, there's a daily limit of Rs 50,000 that you can buy in one day.
The minimum purchase amount is ?1 of gold. However, GAP accounts that total over ?49,999 must follow Know Your Customer (KYC) norms before more purchases are allowed.
Step 5: Enter the amount of gold you want to buy, in INR.
There's no overall limit on the total worth of gold you can buy. However, there's a daily limit of Rs 50,000 that you can buy in one day.
The minimum purchase amount is ?1 of gold. However, GAP accounts that total over ?49,999 must follow Know Your Customer (KYC) norms before more purchases are allowed.
Step 6: Tap Check mark .
Step 7: Select your preferred payment method in the window that appears.
Step 8: Tap Proceed to pay.
After the transaction is confirmed, the gold should appear in your Locker within a few minutes.
These days, many jewelers have begun to sell digital gold as well. The facility is provided either under an internal brand or in partnership with a digital gold brand. For instance, Tanishq and SafeGold have partnered to provide consumers with digital gold. In contrast, PC Jewellers has developed a platform called PCJ Digital Gold to provide this investment. While, Jos Allukkas has partnered with MMTC- PAMP.
Step 7: Select your preferred payment method in the window that appears.
Step 8: Tap Proceed to pay.
After the transaction is confirmed, the gold should appear in your Locker within a few minutes.
These days, many jewelers have begun to sell digital gold as well. The facility is provided either under an internal brand or in partnership with a digital gold brand. For instance, Tanishq and SafeGold have partnered to provide consumers with digital gold. In contrast, PC Jewellers has developed a platform called PCJ Digital Gold to provide this investment. While, Jos Allukkas has partnered with MMTC- PAMP.
How to buy digi gold from Jos Alukkas-MMTC PAMP
When you buy or sell gold through Jos Alukkas Digi Gold, you can purchase 99.99% pure 24K gold units from MMTC-PAMP. Your gold is stored in a Gold Accumulation Plan (GAP) that MMTC-PAMP maintains for you by storing your gold in the physical form as a custodian as long as you own the gold. Gold purchases through MMTC-PAMP are 100% insured, and Jos Alukkas ensures the security and credibility of your gold.
Step 1: Login or register with josalukkas digigold. Complete your account setup with eKYC.
Step 2: Enter your amount in rupees or gold in grams to buy.
Step 3: Choose your payment method. You will have multiple payment options to choose from such as an account, card, or wallet.
How to buy digi gold from Tanishq
Step 1: Login or Register with Tanishq. Complete your account setup with eKYC
Step 2: Enter your amount in rupees or gold in grams to buy.
Step 3: Choose your payment method. You will have multiple payment options to choose from such as an account, card, or wallet.
How to buy digi gold from Tanishq
Step 1: Login or Register with Tanishq. Complete your account setup with eKYC
Step 2: Enter your amount in rupees or gold in grams to buy
Step 3: Choose your payment method. You will have multiple payment options to choose from such as an account, card, or wallet.
Note that Tanishq Digital Gold powered by SafeGold is a safe and transparent platform for buying/selling/exchanging “SafeGold” offered by Digital Gold India Private Limited (“DGIPL”) in compliance with all applicable laws and regulations.
Step 3: Choose your payment method. You will have multiple payment options to choose from such as an account, card, or wallet.
Note that Tanishq Digital Gold powered by SafeGold is a safe and transparent platform for buying/selling/exchanging “SafeGold” offered by Digital Gold India Private Limited (“DGIPL”) in compliance with all applicable laws and regulations.
How to buy digi gold from jeweller showrooms
You can buy digital gold at any of PCJ's showrooms after opening an account. Logging into your account allows you to view your transaction history and balance. Any digital gold purchased from PC Jeweller, whether online or in-store, using your registered mobile number, will be added to your digital gold account.
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