What Is The Use Of Paytm Gold?

Is Paytm gold expensive?

Consumers can purchase 24K 999.9 purity gold online and store it in vaults of MMTC-PAMP for no extra cost.

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What is the benefit of Paytm gold?

No minimum amount or quantity needed to start saving in Gold. You can buy gold starting ₹1. Your Gold is kept safe in 100% insured lockers with MMTC-PAMP or Augmont Gold, at no extra charges. Request delivery of your gold anytime, and it will be delivered to your doorstep in no time via a secured delivery network.

Where is the cheapest place to buy gold?

Though buying gold coins from bullion traders is considered as the best and the cheapest option, gold can be bought from jewellers, banks and bullion traders as well.

What is the minimum amount with which you can buy Paytm gold?

Introducing Paytm Gold Buy, gift, redeem, sell your gold or check your gold balance anytime anywhere using your Paytm app. No minimum amount or quantity needed to start saving in Gold. You can buy gold starting ₹1. Your Gold is kept safe in 100% insured lockers with MMTC-PAMP, at no extra charges.

Why cashback in Paytm is not received?

In rare cases, cashback might get delayed for one or more items due to multiple reasons including non-KYC account, technical delay due to heavy load on the app etc. However, even in these cases, cashback gets processed into the customer’s Paytm wallet within 24 hours.

Is it safe to buy gold in Paytm?

Paytm, India’s leading digital payments and financial services platform in collaboration with MMTC-PAMP provides a safe platform to buy, store and sell digital gold from the safety of your homes. … The customer can now buy 99.99 per cent pure gold with as low as Rs. 1 and store them at the insured vaults for free.

What is Paytm gold locker?

Paytm Gold can be bought from MMTC-PAMP anytime anywhere starting at just Re. 1 and stored in MMTC-PAMP’s free and 100 percent insured, secure lockers. … Customers get access to live price updates and have the option to sell back their accumulated gold online instantly to MMTC-PAMP.

How can I get free gold on Paytm?

Get PayTM Gold Worth Rs.30 For Free :First of all Download PayTM App or Just update your PayTM App. : … Sign up for a new account or just login using your existing Account.Now Go To PayTM Gold Page clicking on First Gold Purchase from PayTM.Go to GOLD option and Buy Rs. … Now Apply The Promo code – FREE30.More items…•

Why is gold cheaper than buying price?

e) According to the FAQs section, on any given day, the selling price is lower than buying price because there are certain costs which include taxes, bank charges and others. f) You can also send gold as a gift to your loved ones.

Can I convert Paytm gold to cash?

You can continue to transact and shop on Paytm and still receive cashback as equivalent “Digital Gold” of the same amount. … Sell your existing Paytm Gold at market prices and get the money credited directly to your Bank account.

How can I use Paytm gold?

Step 1: Login to your Paytm account through the app. Step 2: Select the ‘Gold’ option. The app gives you an option to buy gold either in rupee terms (i.e., amount) or quantity (i.e., grams). Step 3: Once the option in which you wish to buy gold is selected, click on the proceed button.

What is the purity of Paytm gold?

In the case of Paytm Money’s digital gold, we guarantee you 24K 99.99% Pure gold from MMTC-PAMP (India’s only Internationally Accredited Refinery).

How safe is digital gold?

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 invest in Paytm gold?

“The app offers a cost-effective and smart investment option for new-age investors,” Paytm said in a statement. The customer can buy 99.99 percent pure gold at a starting price of Re 1 and store at the insured vaults for free.