Paytm Gold to expand service to the entire country with free locker facility

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Gold has traditionally been one of the default savings instrument for Indians, who consider it necessary to own some amount of gold as a part of their future savings. However, they have always bought gold at high fixed outlays from jewelers, paying little or no attention to market prices.
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Other than concerns about the prices, purity, safety, high storage charges and long waiting periods for lockers are some of the problems that gold buyers in India have to face, making them increasingly wary of investing in gold.

Online marketplace Paytm has come up with a solution to all these logistic problems with Paytm Gold, which can be bought from MMTC-PAMP anytime anywhere with starting price as low as Re.1. This gold can also be stored in MMTC-PAMP’s free and 100% insured and secured lockers.

This way, the customers are saved from paying the hefty fees for storing their gold in physical lockers, and are also given the access to live price updates. Not only this, they also have the option to sell back their accumulated gold online instantly to MMTC-PAMP.

Ever since its launch around two months back, the service has got an encouraging response, leading to Paytm increasing its serviceable pin-codes. It is also planning to make Paytm Gold available at every nook and corner of the country, so that anyone, irrespective of demographics and income levels can save a portion of their income in the form of Paytm Gold.

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