How to Buy, Sell or Invest in Digital Gold

Digital Guide – Ways Buy, Sell or Invest in Digital Gold?

Digital gold is one of the most preferred ways of investing in gold. It offers immense ease to the buyers of the gold to immediately buy, store and sell gold. One of the most prominent benefits that digital gold offers is that it gives you access to the real-time market prices of gold, i.e., you can buy or sell gold on the real-time market prices unlike buying or selling physical gold from a jeweller.

So, if you are looking for the answers to the questions such as how to buy or invest in digital gold or how to sell digital gold, you have come to the right place. We are going to walk you through the whole process of buying, selling and investing in digital gold in this detailed guide.

Let’s check the steps of how you can buy or sell digital gold below in the next section.

Steps to Buy Digital Gold

Buying digital gold is very easy and you can do it on the Paytm mobile application and/or Paytm’s website. Here is how you can do it-

On Paytm Mobile Application: 

  • Open the Paytm app on your mobile phone
  • Go to the All Services section
  • Go to the search bar and search the term Gold
  • Click on Gold
  • Select from the options – Buy in Amount or Buy in Grams
  • Enter the amount you want to buy and click on Proceed
  • Complete the purchase to buy digital gold. You can make payment from Paytm Wallet, UPI, Net Banking, Debit or Credit Card

On Paytm Official Website: 

  • Go to the Paytm Gold page on Paytm
  • Select from the options – Buy in Amount or Buy in Grams
  • Enter the amount you want to buy and click on Proceed
  • Complete the purchase to buy digital gold. You can make payment from Paytm Wallet, Net Banking, Debit or Credit Card

The whole process of buying gold on Paytm is very easy and it only takes a few minutes of your time. One of the best features of Paytm Gold is that you can buy even a very small amount (minimum of INR 1) of gold. Therefore, you can invest whatever amount you want on digital gold at Paytm easily and instantly. 

Steps to Sell Digital Gold on Paytm

Similar to buying digital gold on Paytm, you can also sell the gold you purchased easily. Check the steps below to sell your Paytm digital gold: 

On Paytm Mobile Application: 

  • Open the Paytm application on your mobile phone
  • Go to the All Services section
  • Go to the search bar and search the term Gold
  • Click on Gold
  • Select Sell Gold
  • Enter the amount or weight of the gold you want to sell
  • Click on Proceed to sell the gold

On Paytm Official Website: 

  • Go to the Paytm Gold page on Paytm
  • Select Sell
  • Enter the amount or weight of the gold you want to sell
  • Click on Proceed to sell the amount of gold you want to sell

Note that you can only sell the gold that you have already purchased. You can’t sell an amount higher than the gold that you have in your account. Selling the digital gold on Paytm is as easy as buying the same plus you can buy or sell the digital gold at real-time market prices.

Conclusion

Buying or investing in digital gold as well as selling digital gold is very easy and can be done on platforms like Paytm who offers the service of digital gold. You can buy or sell your digital gold immediately and whenever you want with the help of a few simple steps.

FAQs
Ques: Can I get my digital gold delivered to my home?
Ans: Yes, you can get your digital gold delivered to your doorstep. There can be charges for delivery and making for getting your gold delivered.
Ques: Are there any charges for buying or selling digital gold?
Ans: No, there are no additional charges or fees for selling or buying digital gold but there is a 3% GST charge on buying the digital gold.
Ques: Are there any storage charges for the digital gold I purchased?
Ans: No, there are no additional charges for storing the digital gold. However, there is a limit to the period till the producer can hold the gold on your behalf. The limit is 5 years with MMTC PAMP digital gold.
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