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Buy gold on PhonePe

Hyderabad April 20th, 2020: PhonePe is a leading digital payment platform in India is now facilitating public to buy Gold.

It is well known that using PhonePe, users can send and receive money, recharge mobile, DTH, data cards and make utility payments. But did you know, that one can also buy gold using phonepe? It takes just a few seconds. Customers can buy certified 24 Karat (K) Gold at live, competitive and transparent prices from the comfort of their homes on the PhonePe app.

For a seamless Gold purchase on the app, PhonePe has partnered with SafeGold and MMTC-PAMP India’s accredited Gold refineries to create a Gold marketplace for its customers. 

With the festive season around the corner, PhonePe’s Gold Partners have launched exclusive offers for its customers where they can get up to Rs.100 cashback on Gold purchases. Gold purchased by customers on the app will be stored in a free bank-grade insured locker facility.

Here’s how to buy Gold on PhonePe with a few simple steps.

To start with: Download the PhonePe app if you haven’t already and proceed as outlined below.

Follow the six steps below and buy gold safely from home:

Step 1: Open the PhonePe app

Step 2: Click on “My Money”

Step 3: Under Investment → click on the Gold Icon

Step 4: Select Gold Provider - Safegold OR MMTC-PAMP

You can buy Gold at 99.50% purity with Safegold and at 99.99% purity with MMTC-PAMP. Gold coins/bars from both providers are certified for purity by government-appointed assay certifying agencies.

Step 5: Enter the amount of Gold you want to buy (in grams or rupees)

Gold prices are linked to real-time rates in the commercial bullion market and updated every 5 minutes by Safegold & MMTC-PAMP. The price displayed on the app includes 3 percent GST with no additional charges for customers.

Step 6: Click on the “Proceed To Payment” button at the bottom of the screen

Use your preferred payment method - UPI/Debit Card/Credit Card/Wallet to complete the transaction. And finally you can successfully complete the transaction for buying your Gold on PhonePe.


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