How to buy gold on PhonePe: A beginner's guide
What's the story
Buying gold as an investment is now at your fingertips, quite literally, with digital platforms like PhonePe.
For Android users seeking to diversify their portfolios or make their first gold purchase, the PhonePe app provides a convenient and secure solution to buy gold online.
This tutorial guides you step-by-step through using the "Buy Gold" feature on your Android device, guaranteeing a hassle-free experience from beginning to end.
Account setup
Start with registration and linking
Before you can start buying digital gold, you need to have a registered account on PhonePe.
If you're a first-time user, you can download the app from the Google Play Store, sign up with your mobile number, and link your bank account for easy payments.
This initial setup is key to a smooth buying experience.
Purchase process
Navigate and buy
After your account is ready, launch PhonePe and navigate to the Wealth tab. Tap on Gold to access the investment options.
Select Buy One Time under Gold Savings. You can start with just ₹1.
Decide whether you want to pay through UPI, debit card, credit card, or PhonePe wallet. Make sure to double-check everything before confirming your purchase.
Monitoring holdings
Track your investment
Keeping track of your gold investment on PhonePe is just as simple as buying.
Just head back to the "Wealth" tab and click on "Gold" again to see live prices and check how much gold you have at any time.
This not only helps you keep track, but also lets you make smart decisions about when to invest more or sell based on market trends.