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MMTC PAMP Digital Gold app for iPhone and iPad


4.2 ( 1472 ratings )
Finance
Developer: MMTC PAMP
Free
Current version: 2.2.0, last update: 1 year ago
First release : 27 Sep 2022
App size: 28.42 Mb

Get Smarter with Gold: Buy 24K, 999.9 purest Digital Gold from MMTC-PAMP, India’s leader in digital gold. Start investing with any amount and get the convenience of buying, selling or redeeming from anywhere, anytime. No transaction or Storage charges.

WHAT IS DIGITAL GOLD?

Digital gold is a virtual method of buying and accumulating a gold corpus. Unlike in the past, when gold could only be bought in physical form - jewellery, coins or bullion, you can now get digital gold in small sachets sized purchases and build your gold corpus over multiple transactions. While technology has democratised the purchase of gold, the advantage digital purchase commands over physical methods is that the former is 24k, 999.9 pure-gold that users can own exclusively via digital channels and not pay any making charges. Further, you get the convenience to buy, sell or redeem in form of physical gold whenever you want, at a click of a button.

How can one invest in MMTC-PAMP digital gold?

In India, 24K 999.9 purity certified digital gold is being sold by the largest player in the market; MMTC-PAMP, a joint venture between MMTC Ltd., a government of India undertaking, and Switzerland based bullion brand MKS PAMP. This is MMTC-PAMPs official app to sell digital gold. To start off, the customer can pool in small amounts daily, weekly, or monthly to grow their gold corpus by choosing the weight of gold and paying the amount.

Once a transaction is successful, an automated invoice gets generated and the user sees the wallet balance by weight in grams and for each purchase, the corresponding weight of physical gold is shifted to MMTC-PAMP’s vaults under the direct ownership of the buyer.

Advantages of Digital Gold

While being a safe investment option, Digital Gold offers the flexibility of investing in the material from the comfort of one’s home. As there is no limit on the quantum of investment, one can begin with sums as low as ₹1, going up to ₹200,000 per day, done in one or multiple transactions.

Additionally, all digital gold purchased is backed by an equal amount of physical gold held in state of the art, fully insured and certified vault within the secure facilities of MMTC-PAMP refinery, ensuring that all investments made into Digital Gold are safe.

For the first five years, buyers don’t need to pay any storage fees for this gold. The responsibility of storing digital gold in secure vaults and insuring the same on the buyer’s behalf vests with the seller

The advantage offered by MMTC-PAMP is that all transactions are made in real-time at live prices linked to international rates, available 24*7, 365 days a year. Hence, making it easier to sell or redeem digital gold holdings compared to traditional jewellery.