PhonePe partnered with MMTC-PAMP for gold of 99.99% purity and Safegold with 99.50% purity versions. The rates are updated every five minutes by both the providers and the price displayed in inclusive of 3% GST.
The gold that the user buys is stored in an insured locker facility. The users can get gold coins of up to 20 grams delivered to their home. In this post, we will explain how to buy and
How to
- Log in to the PhonePe app.
- At the bottom, click on ‘My Money’.
- Under the ‘Wealth Management’ section, click on ‘Gold’.
- Now, choose from MMTC-PAMP and Safegold.
- View the current buying price.
- You can enter either the amount or weight of gold you want to buy.
- Now, click on ‘Proceed to Payment’ and complete the payment process.
- Open the PhonePe app.
- At the bottom, click on ‘My Money’.
- Click on ‘Gold’ under the ‘Wealth Management’ section.
- Now, click on the gold provider from whom you have purchased the gold earlier.
- At the top, you will be able to see your gold’s weight and selling value.
- Open the PhonePe app.
- At the bottom, click on ‘My Money’.
- Click on ‘Gold’ under the ‘Wealth Management’ section.
- Now, click on the gold provider from whom you have purchased the gold earlier.
- Choose the amount or weight of gold you want to sell.
- The amount will be credited in your bank account.
- Open the PhonePe app.
- At the bottom, click on ‘My Money’.
- Click on ‘Gold’ under the ‘Wealth Management’ section.
- Now, click on the gold provider from whom you have purchased the gold earlier.
- Click on ‘Deliver’.
- Select the gold coin that you want to get.
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