Digital Gold Price Today

1. MMTC-PAMP

Metals and Minerals Trading Corp or MMTC is a Government of India Undertaking) and Switzerland’s PAMP SA is the world’s leading bullion brand. Established in 2008, the joint venture MMTC-PAMP in India is among the world’s most advanced gold and silver refining and minting facilities.

In the case of MMTC-PAMP, the gold is stored in vaults for five years without any additional charge. To take the delivery, the accumulated gold has to be at least 1gm.

2. SafeGold

SafeGold is a digital platform that allows purchase and sale of digital gold at low ticket sizes. It is offered by Digital Gold India Private Limited (“DGIPL”) in compliance with all applicable laws and regulations.

In the case of SafeGold, the assets are stored in the digital locker for two years and the gold must measure 0.5gm to ask for its physical delivery.

3. Augmont

Augmont Goldtech Private Limited is a consumer retail Goldtech company, perhaps India’s largest in the sector. Its work profile includes everything from refining to retailing and even selling digital gold. Augmont coins start from 0.1 grams.

1. Choose an e-wallet or app via which you’d like to trade through. Paytm, HDFC Securities, Google Pay, Motilal Oswal, Tanshiq are some options.

2. Check the current market rate per gram of gold that is reflected on the apps. Enter an amount in INR or grams.

3. Proceed to pay.

4. The gold will be now deposited in a locker for you. The updated status will reflect on your screen immediately. You can access your account/ digital locker 24*7.

5. You can sell the gold anytime you want.

6. You can also choose to have the physical gold delivered to your doorstep. The gold is delivered in form of coins or bullion. A delivery fees is charged on this.

1. One of the biggest advantages of investing in digital gold is to be able to buy and accumulate gold in fractional quantities.

2. You can invest as little as Rs. 1 in digital gold and then build up.

3. Digital gold is insured and is stored safely in vaults by sellers, on behalf of customers.

4. Customers don’t have to worry about their gold’s safekeeping.

5. Digital gold can also be used as collateral for many online loans.

6. Investors can track and access the progress of their investment online.

7. Investors can get the ownership of 24 carats of digital gold.

8. Digital gold can be redeemed for physical jewellery, gold coins or bullion anytime and even delivered to the customer’s doorstep.

9. Investors can benefit from the real-time gold rates while purchasing or selling digital gold.

10. There are no issues of legitimacy or purity of gold.

1. There is a cap of Rs. 2 lakh for investment on most platforms.

2. There is no regulatory mechanism or governing body such as RBI or SEBI, thus leaving room for misuse or mishandling.

3. Delivery and making charges are further applied to the price of gold.

4. In some cases, companies only offer a limited storage period, after which you either have to take physical delivery or sell the gold.