Paytm, the country’s top digital payments platform, announced Thursday that users will now be able to purchase “digital gold” through its mobile app.
Paytm users can also choose to have the gold delivered to their home.
The country has imported gold worth $4 billion in the last month alone.
Paytm estimates that the country’s 1.3 billion people currently hold 24,000 tons of gold worth $900 billion.
But many Indians also purchase gold as an investment.
Looking to buy gold on Akshaya Tritiya? Here are 6 ways
as declared in Axis Gold ETF” Goldman Sachs Gold Exchange Traded Scheme” UTI GOLD Exchange Traded Fund” HDFC Gold Exchange Traded Fund” ICICI Prudential Gold Exchange Traded Fund” Kotak Gold Exchange Traded Fund” Quantum Gold Fund (an ETF)” Reliance Gold Exchange Traded Fund” Religare Gold Exchange Traded Fund” SBI Gold Exchange Traded Scheme” Birla Sun Life Gold ETF” IDBI Gold Exchange Traded Fund” Motilal Oswal MOSt Shares Gold ETF” Canara Robeco Gold Exchange Traded FundWhat you need is a trading account with a share broker and a demat account.
Today, on 28th April 2017 is Akshaya Tritiya and gold is trading at about Rs 28,825 per 10 gm.On Akshaya Tritiya, the exchanges have decided to conduct an extended live trading session in Gold Exchange Traded Funds (ETFs) securities and Sovereign Gold Bond (SGB) securities.
Making charges are akin to entry charges in an investment.For those who would still want to buy gold coins, there’s still an option.
MMTC will repurchase the Indian Gold Coin, in intact tamper proof packaging and with original invoice, at the prevailing gold base rate.For prices, click here An alternate way of owning paper gold in a more cost-effective manner is through Gold exchange traded fund (Gold ETF).
: Investments in Sovereign gold bonds (SGB) as compared to buying physical gold have certain well-defined benefits.
as declared in If we see major progress on his policy agenda, the reflation trade could be back and hit gold prices further.
In that context, it is crucial to understand how gold prices are going to behave going ahead to make a better informed buying decision.
Navneet DamaniEvery year, as Akshaya Tritiya approaches, the attention towards gold increases as it is an auspicious period to buy gold in India.
On the whole, we believe that even as the broader trend in gold remains positive, the current dip in prices could provide a good opportunity for investors to enter into the markets.
From the Indian perspective, a stronger rupee has already kept local prices depressed and further dips will attract physical buying.