Paytm on Thursday announced the launch of digital gold with collaboration with India’s only internationally accredited refinery MMTC- PAMP. This will allow the Indians to purchase, store and sell the gold using Paytm account online. Purchases can be made from Rs.1 to Rs. 1,50,000 with cash back offers. The purchased gold will beheld in MMTC-PAMP’s vault with full insurance cover and security without any charges. You can anytime request for delivery by paying making and delivery charges. There is option to sell the accumulated gold but cannot be purchased and sold on the same day.
How to convert accumulated gold balance to coins & get delivered.
Each 24k 999.99 Gold coin/bar is manufactured by MMTC-PAMP and will be sealed in a signed, serial numbered protective Certicards packaging that guarantees the assayed gold content, weight and quality. You can request for delivery of the gold by paying the making and delivery charges given below. Charges will be low when the weight of the gold goes high.
|Weight||Making & Delivery Charges|
|1 Gram||Rs 351|
|2 Grams||Rs 377|
|5 Grams||Rs 503|
|10 Grams||Rs 629|
|20 Grams||Rs 781|