How to buy digital gold on PhonePe
What's the story
PhonePe, one of India's leading digital payments platforms, has started giving its users an opportunity to invest in certified 24K gold. The move comes as a way to cater to the traditional Indian love for gold and provide a hassle-free investment option. It is ideal for those looking for portfolio diversification or long-term investments. Here's how it works.
Quality assurance
PhonePe guarantees purity and security of digital gold
PhonePe assures the highest quality by offering only certified 24K gold. Users can buy this digital gold at market rates from their homes, without having to worry about physical transactions. The purchased gold is securely stored in a digital locker with bank-grade security. This innovative method solves traditional concerns of safety and authenticity in gold purchases.
User benefits
PhonePe's digital gold service offers flexibility and convenience
PhonePe's digital gold service lets you buy gold anytime, anywhere without paying making charges. You can convert the purchased gold into coins or bars, or sell it back to the provider for an instant money transfer into your linked bank account. This flexibility makes it a practical and convenient investment option for many Indians.
Purchase process
Step-by-step guide to buy digital gold on PhonePe
To invest in gold via PhonePe, users must have a registered account and a linked bank account for seamless transactions. The process starts by selecting "Gold" under the "Wealth" tab on the PhonePe homepage. Next, select "Buy One Time" under Gold Savings and enter the total gold amount you wish to purchase. Finally, make the payment to complete the purchase. You can also track your gold holdings and live prices within the PhonePe app.