{"id":5148,"date":"2023-05-21T08:03:13","date_gmt":"2023-05-21T02:33:13","guid":{"rendered":"https:\/\/aayushbhaskar.com\/?p=5148"},"modified":"2023-05-26T14:53:43","modified_gmt":"2023-05-26T09:23:43","slug":"apps-to-buy-digital-gold-in-india","status":"publish","type":"post","link":"https:\/\/aayushbhaskar.com\/apps-to-buy-digital-gold-in-india\/","title":{"rendered":"7 Best Apps to Buy Digital Gold in India","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
Gold is one of the most popular investments in India, and people across the nation consider it to be a precious metal used not only for its incremental value but also as a good omen. <\/span><\/p>\n With everything going digital, gold has also entered the e-market, where you can buy and sell gold on digital platforms without physically owning it. <\/span><\/p>\n This helps you benefit from the increasing gold prices and opens a significant trading opportunity for traders with the utmost safety and transparency.<\/span><\/p>\n With the times changing and everyone shifting to online investments, there is no doubt that people are now getting more interested in buying digital gold.\u00a0<\/span><\/p>\n But where do you buy it?\u00a0<\/span><\/p>\n Can you trust these online brokers with your hefty investments?<\/span><\/p>\n Is digital gold even real?<\/span><\/p>\n Don\u2019t worry.<\/span><\/p>\n In this blog post, we\u2019ll clear all your doubts regarding digital gold and also look at 7 of the best apps to buy it in India.<\/span><\/p>\n So, let\u2019s get started without wasting any more time.<\/span><\/p>\n Before knowing the platforms where you can find digital gold, it\u2019s equally important that you understand exactly what it is. So, in simple words, digital gold refers to a digital asset that is designed to mimic the characteristics of physical gold, such as scarcity, fungibility, divisibility, and durability but exists solely in digital form.<\/span><\/p>\n Typically, digital gold is a form of cryptocurrency that is backed by physical gold reserves or uses blockchain technology to maintain a transparent and decentralized ledger of ownership.<\/span><\/p>\n Now, the next important question is, where do you buy this exactly?<\/span><\/p>\n Below are the top apps to buy digital Gold in India.<\/strong><\/p>\n <\/p>\n Paytm is one of the leading mobile wallet companies in India, with over 300 million users worldwide. In fact, it is one of India’s leading mobile-first financial services platforms for buying, selling, and storing digital gold.<\/span><\/p>\n It offers a secure platform where customers can purchase physical or virtual gold coins using their credit\/debit cards or net banking accounts without having to worry about security issues like fraud or hacking.\u00a0<\/span><\/p>\n The app also offers instant access to live prices so investors can easily track their investments on the go as well as set up automated alerts when certain thresholds are met or exceeded by price movements in either direction (upward\/downward).<\/span><\/p>\n <\/p>\n PhonePe is certainly one of the best apps when it comes to online payments. However, it\u2019s also a great platform if you\u2019re interested in buying digital gold from your smartphone.<\/span><\/p>\n You can easily buy 24K pure gold digitally in a matter of minutes. On top of it, you can even convert your accumulated gold to coins and bars through the app itself.\u00a0<\/span><\/p>\n PhonePe also has the facility to provide absolutely free bank-grade lockers to store your gold. This means that you can completely relax with your investments.\u00a0<\/span><\/p>\n Overall, PhonePe is an all-rounder that can fulfill all your needs when it comes to investing in digital gold.<\/span><\/p>\n <\/p>\n 5Paisa is one of the leading platforms when it comes to investing in digital gold. It offers users an easy way to purchase 24-carat pure physical gold online with no delivery charges or hidden fees.\u00a0<\/span><\/p>\n The platform even promises to deliver assured and certified gold with almost 99.99% purity. This means that you can trust 5paisa if you plan to hold on to your gold investment for a long time.<\/span><\/p>\n 5Paisa also aims to give 100% safety assurance to its investors and thus has highly secured and guarded vaults to store your gold.<\/span><\/p>\n Additionally, they offer secure payments via net banking or debit\/credit cards along with an integrated wallet feature that allows customers to store money safely within the app itself without having any need for external payment gateways like PayPal or Stripe.\u00a0<\/span><\/p>\n <\/p>\n Google Pay has recently entered into the digital gold space by launching its own \u2018Gold Savings Plan\u2019 feature where users can invest in virtual coins backed by actual physical Gold stored securely at banks across India (HDFC Bank & ICICI Bank).\u00a0<\/span><\/p>\n With the Google Pay Gold Savings Plan Feature, customers can do more than just buy coins. They can also sell them back at any time and receive the current market rate plus a 10% bonus value each time they do so. This means that if customers purchase coins through this plan, they have the option to sell them back later and receive more than what they originally paid for.<\/span><\/p>\n Furthermore, all transactions are secured using UPI PIN codes, making sure that user data remains safe while transacting through Google pay App.<\/span><\/p>\n <\/p>\n Aiming to bring a revolution in the Indian investing space, MyJar is trying to make investing a habit, and the only asset where they invest their user\u2019s funds is digital gold.\u00a0<\/span><\/p>\n In simple words, Jar rounds off your spending and adds the extra money to the app. Now, the users are asked to play a game where they have a chance to win additional money or even double their savings.<\/span><\/p>\n After this, the app invests the savings of the users in digital gold and gives real-time updates about their returns. Overall, this app plans to motivate the youth of the country to save more and invest their funds in an asset that can yield them good results.\u00a0<\/span><\/p>\n <\/p>\n Groww is one of the leading investment apps in India that allows users to buy and sell digital gold. The app offers a seamless and hassle-free way to invest in gold without the need for physical storage or transportation.\u00a0<\/span><\/p>\n With Groww, users can purchase gold in small denominations starting from as low as Rs. 10. The app also offers a range of payment options, including UPI, net banking, and debit\/credit cards. Additionally, Groww ensures that the gold purchased by users is 100% insured and stored in secure vaults.\u00a0<\/span><\/p>\n The app provides real-time updates on gold prices and allows users to sell their gold and withdraw the money directly to their bank accounts. Overall, Groww is a reliable and convenient platform to invest in digital gold.<\/span><\/p>\n <\/p>\n One of the biggest jewelry players in the Indian market,\u00a0Tanishq\u00a0also offers digital gold to its customers.<\/span><\/p>\n You can purchase 24-karat pure gold through their platform with transparent functioning, with products that are powered by SafeGold.<\/span><\/p>\n Invest as low as Rs. 100 or as much as you wish!<\/span><\/p>\n Tanishq\u2019s digital gold can also be exchanged across 350+ stores in India, where you can buy it in its physical form.<\/span><\/p>\n When you buy digital Gold with Tanishq, you do not have to bear any locker fees as the gold is safely stored without any hidden charges. The platform allows you to buy or sell gold anytime with only a few clicks!<\/span><\/p>\n Their robust customer support ensures you never face any issues while investing in digital gold through their platform.<\/span><\/p>\n And that\u2019s a wrap!<\/span><\/p>\n Overall, all of the apps mentioned above are great if you\u2019re looking to buy digital gold in the country.\u00a0<\/span><\/p>\n However, there are some highs and lows in every single one of these apps, and it is up to you to choose the one that matches your needs closely.\u00a0<\/span><\/p>\n Since the gold market does not fall under a specific financial sector, it remains in the gray zone, having a self-regulatory auditing system with a due diligence mechanism of its own. <\/span><\/p>\nWhat is Digital Gold?<\/span><\/h2>\n
1. Paytm<\/a><\/span><\/h2>\n
Top Features\u00a0<\/span><\/h3>\n
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2. PhonePe<\/a><\/span><\/h2>\n
Top Features\u00a0<\/span><\/h3>\n
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3. 5Paisa<\/a><\/span><\/h2>\n
Top Features\u00a0<\/span><\/h3>\n
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4. Google Pay<\/span> \u00a0\u00a0<\/span><\/h2>\n
Top Features\u00a0<\/span><\/h3>\n
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5. MyJar<\/a><\/span><\/h2>\n
Top Features\u00a0<\/span><\/h3>\n
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6. Groww<\/a><\/span><\/h2>\n
Top Features\u00a0<\/span><\/h3>\n
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7. Tanishq<\/a>\u00a0<\/span><\/span><\/h2>\n
RBI regulations to invest in digital gold<\/span><\/h2>\n