From Paytm to Tanishq, several online platforms now offer 99.99% pure 24K digital gold.
Dhanteras is considered an auspicious occasion for buying gold, according to Hindu beliefs. It is believed that buying gold, silver or even new utensils in Dhanteras brings good luck and prosperity to the house. Dhanteras is observed on the 13th day of the dark fortnight in the month of Kartik, according to the Hindu calendar. This also marks the start of the Diwali celebration in many parts of India and people flock to jewelry stores to buy gold and silver. This year, Dhanteras will be celebrated on October 23.
These days, there are several hassle-free options to buy or invest in gold from the comfort of your home without worrying about its purity or even storage. One such option is digital gold through which customers can purchase 99.99% pure 24-karat gold, which is stored in the service provider’s vault. Gold is available for home delivery whenever the customer wishes.
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However, on the purchase of digital gold, a 3% GST is levied. It is also advisable to carefully read the terms and conditions regarding the storage period and delivery.
Here are some reliable apps and websites that you can use to buy digital gold on this Dhanteras.
PhonePe has become a marketplace for buying and selling pure 24k gold. The platform has partnered with MMTC-PAMP to provide 99.99% pure gold and SafeGold for 99.50% pure gold. Gold rates are also updated every 5 minutes on the PhonePe app.
Paytm is another popular fintech app that lets you buy digital gold. The app displays the live gold rate during the transaction, and customers can track the amount of gold purchased by accessing the locker icon in the Paytm Gold section. Customers must pay manufacturing and delivery costs, for the physical conversion of gold on Paytm.
5Paisa is a popular fintech platform for all kinds of financial transactions including digital gold. 5Paisa Invest offers 24 karat gold with a purity of 99.99%. It also offers the Gold Vault service, which is a digital wallet managed by SafeGold that contains or holds purchased gold.
5Paisa also collects a small amount at the time of delivery request in the form of certified parts trial. The charge covers the cost of minting, packing, insurance, testing certification and delivery charges.
SafeGold is a digital platform to buy, sell and take delivery of 24K physical gold. SafeGold offers physical delivery or storage free of charge. Digital gold purchased on the platform is stored in protected BRINKS vaults and secured by a SEBI-regulated fiduciary.
(Edited by : Sudarsanan Mani)