The festival of Diwali is knocking on the door and will start with Dhanteras on October 22, 2022. People prefer buying or investing in gold on the occasion of Dhanteras with a belief to get blessed with wealth throughout the year. You can purchase gold on this auspicious day either by making a visit to the stores or online. Other than buying traditional gold ornaments (jewellery, coins, bars, among others), you can think of buying digital gold too. Buying digital gold can also be done via payment making applications like Google Pay and Paytm.
For the uninitiated, digital gold is a way to invest in gold but as the name suggests, digitally. Th reason why investors should buy it is because it is considered to be a safe wealth solution as it can be bought and stored safely online. There is no storage cost for digital gold and you can even sell it whenever you want. With digital gold you have access to real time market prices of gold. Also, there will be no making or other charges that jewellers make you pay. If you want to invest in digital gold then here is how you can buy it via Google Pay and Paytm. Check the step-by-step guide below.
1. Open Google Pay and tap New.
2. In the search bar, enter "Gold Locker." Then, search for that term.
3. Tap Gold Locker and then click Buy. The current market buying price of gold (including tax) will appear. This price stays locked for 5 minutes after you begin the purchase, as the buying price may change throughout the day.
4. Enter the amount of gold you want to buy, in INR. It can be noted that there's no overall limit on the total worth of gold you can buy. However, there's a limit of Rs. 50,000 that you can buy in one day. The minimum purchase amount is Rs. 1 of gold.
5. Tap Check mark and
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