Alibaba-backed Paytm has partnered with gold refiner MMTC-PAMP to launch ‘Digital Gold’ that will allow customers to buy and sell gold through the electronic platform.
Using their Paytm mobile wallets, consumers can purchase 24K 999.9 purity gold online and store it in MMTC—PAMP’s secure vaults free of charge. Investment as low as Re 1 is enough to buy the yellow metal.
Request for their gold to be delivered at their homes can be made in the form of minted coins or sell it back online to MMTC—PAMP.
“Gold is the preferred form of investment for Indians, and we are making it easier for our users to invest in gold digitally,” Paytm founder and CEO Vijay Shekhar Sharma told reporters .
read more- The Hindu