Akshaya Tritiya 2023: How To Buy Digital Gold Online Using UPI Apps?

On the occasion of Akshaya Tritiya 2023, let’s know how to buy digital gold online using Paytm, PhonePe & Google Pay, starting from ₹1 only.

In Hinduism, Akshaya Tritiya is a particular day when buying gold is regarded as lucky in order to bring wealth and success into the home. 

Historically, this was the day when Indian families would go out and buy gold and jewelry in physical form, as they had no other options. 

Indian consumers now have access to digital gold. On the occasion of significant occasions like Dhanteras, Akshaya Tritiya, etc., they are now choosing to buy gold in digital form as well due to its many advantages.

In contrast to gold jewelry, digital gold can be purchased for as little as Rs. 1, and consumers are not required to provide manufacturing chargers. 

Customers can follow the simple steps to convert their digital gold into actual gold or jewelry. However, you will need to pay additional making or shipping fees as necessary. 

How To Buy Digital Gold Online?

Digital gold is sold online by many authorized businesses, including MMTC-PAMP, SafeGold, Augmont Gold, etc. 

You can either visit their websites to buy gold or you may head to payment apps like Paytm, Phonepe, or Google Pay that have partnerships with these businesses.

When you wish to turn your investment into cash, these companies offer a variety of solutions for your digital gold.

MMTC-PAMP, for instance, offers three options for digital gold:

1. MMTC-PAMP offers beautifully produced gold bars and coins that can be used to redeem digital gold.
2. You can always return your gold to MMTC-PAMP in digital form. After a waiting time of 72 hours, you will be able to get an instant bank transfer.
3. Your digital gold can be easily transferred to a close friend or family member. Simply use their mobile number to encourage them to sign up for MMTC-PAMP.

How To Buy Digital Gold Online Using Paytm, PhonePe & Google Pay?

Paytm, Google Pay, and PhonePe are among the majority of the payment apps that Indian customers can use to buy digital gold. Buying and selling digital gold is simple and quick on these payment platforms

1. Paytm – Digital Gold

Indian payment leader Paytm Paytm offers the ability to buy MMTC-PAMP digital gold. 

Simply press the ‘Paytm Gold’ symbol under the ‘Stocks and Wealth’ icon and select the quantity or quality of gold you wish to buy.

2. PhonePe – Digital Gold

PhonePe users have the option to invest as little as Rs. 1 and gradually build up their gold holdings. You can purchase Safe Gold’s and MMTC-PAMP’s digital gold. 

3. Google Pay – Digital Gold

Google Pay also supports buying and selling of digital gold. The gold purchased through the site is kept in the GAP, or Gold Accumulation Plan, which is managed by MMTC-PAMP. 

All transactions involving digital gold can be viewed by the owner in the Gold Locker on Google Pay.