Is it wise to buy gold on Paytm?

With Paytm Gold, your Gold is safe in 100\% insured lockers with MMTC-PAMP, that too at no extra charges. With Paytm Gold, you can request delivery of your gold anytime, and we get it delivered to your doorstep in no time via a secured delivery network.

Can we make money on Paytm gold?

Note that you can only sell the gold that you have already purchased. You can’t sell an amount higher than the gold that you have in your account. Selling the digital gold on Paytm is as easy as buying the same plus you can buy or sell the digital gold at real-time market prices.

What is the disadvantage of Digital Gold?

Disadvantages with spread cost and capital gain tax In the case of digital gold, there is an additional cost charged from an investor, which is spear cost. A spread cost will be counted with multiple additional costs like – storage cost and insurance cost, etc. The spread cost is generally ranged between 3\% and 6\%.

Is MMTC-PAMP gold good?

As the largest and only integrated ecosystem for gold and silver, and as the only LBMA-certified precious metals refinery in India, MMTC-PAMP has consistently promoted the highest standards of transparency, integrity and quality excellence for the precious metals industry in India and beyond.

Is Paytm gold profitable Quora?

First hand purchase experience of Paytm Gold. Strictly Not! So you can see who is in profit. There will be always a difference of Rs.

Is buying online gold a good investment?

If you are to invest in gold, then the best option you have is digital gold. This is 24K 99.9\% pure gold, and there is no chance of losing this. It does not come with charges such as making and wastage charges. You don’t have to worry about safety, and it is easy to buy and sell.

Why Paytm sell and buy gold price?

The spread for Digital Gold buy and sell transactions is due to 3\% GST and other handling and processing charges. Difference between buy and sell price for gold coins is typically 8-10\%. For jewelry, given making charges, the difference is even higher.

Is digital gold good?

“It makes for an excellent gifting option,” said Mathur. Also, though not regulated, digital gold is safe as an RBI-regulated trustee backs the gold, and the vaults are insured against theft and natural disasters.