Is Paytm safe to invest in gold?

The digital gold product by Paytm is an offering for customers who are looking for a convenient and secure way to invest in gold. One can securely buy or sell or accumulate 24k certified gold with 99.99\% purity on Paytm or Paytm Money app.

Is Paytm gold real or fake?

Digital Gold can be used as collateral for online loans. Digital Gold is genuine and the purity is 24K 99.5\% for SafeGold and 999.9 in case of MMTC PAMP purchases. Your purchase is stored safely and is also 100\% insured. You can exchange digital gold for physical jewellery or gold coins and bullion.

Is it good to buy digital gold?

Investing in gold in electronic format through ETFs and gold funds is considered a better investment option over buying physical gold as the latter entails high costs in the form of making charges, which are deducted at the time of selling the gold product.

Is it safe to buy digital gold online?

It essentially facilitates holding gold virtually without owning a safe or bank locker. So you don’t have to worry about storage and security. The digital gold price is the same across India, therefore you can buy and sell gold online at fully transparent, live market rates.

Is MMTC-PAMP safe?

(4) All investments made into digital gold are secure as all gold is assigned under the direct ownership of the investor as physical gold and kept in MMTC-PAMP’s highly secure and insured refinery. Additional security is provided by IDBI Trusteeship which acts as a custodian keeping all your gold as safe as can be.

Is MMTC gold safe?

What is the use of buying Paytm gold?

The digital gold has revolutionized the means of investing in gold. Now anyone can buy digitally from anywhere and in any amount they want. It provides people with access to real-time market prices, quality assurance, and safe storage of their gold.

Is MMTC-PAMP government?

Established in 2008, MMTC-PAMP India is among the world’s most advanced gold and silver refining and minting facilities. The company is set up as a joint venture between India’s MMTC (a Government of India Undertaking) and Switzerland’s PAMP SA (the world’s leading bullion brand), part of the MKS PAMP GROUP.

Why Paytm sell and buy gold price?

The spread for Digital Gold buy and sell transactions is due to 3\% GST and other handling and processing charges. Difference between buy and sell price for gold coins is typically 8-10\%. For jewelry, given making charges, the difference is even higher.

Is digital gold legal in India?

The yellow metal still remains one of the most sought forms of investment in India, and just as buying physical gold remains legal, the purchase of physical gold through digital means, also remains legal and safe.

Why should you invest in gold through Paytm Money?

With digital gold offering on Paytm Money, you can now buy or sell it on the Paytm Money app in a seamless manner. This will help in diversifying the investment portfolio with gold without worrying about the storage & purity of gold. Here are a few benefits of Investing in Gold through Paytm Money

How long can I store digital gold in Paytm vault?

In case of Paytm, you can leave the digital gold in the vault for up to five years. Thereafter you must either take delivery of your gold or sell it back to Paytm. There is usually a 4-5\% difference between the buy and sell price quoted on Paytm at any given point in time.

How much is the difference between buy and sell on Paytm?

Thereafter you must either take delivery of your gold or sell it back to Paytm. There is usually a 4-5\% difference between the buy and sell price quoted on Paytm at any given point in time. You also pay a 3\% GST while buying gold in this manner. Key your eye on your investments!

Is it safe to buy e-gold?

Basically, you will always pay some leakage in terms of money or will have to compromise on liquidity which kind of ruins the purpose of holding gold in your portfolio. As an investor, buying e-gold is stress free and with government regulations, it is also safe.