Festive digital gold bonanza from MMTC-PAMP
Hyderabad WITH the onset of the festive season many individuals tend to consider buying gold as a sign of good fortune, to invest in the yellow metal at an affordable price, MMTC-PAMP, accredited refiner and fabricator of authentic, 999.9 pure gold bars and coins, and a joint venture between MMTC Ltd, a Govt of India Undertaking, and PAMP SA of Switzerland, is offering digital gold to customers for as low as Rs 1 to start their investment journey in to the yellow-metal.
"Investing in digital gold is extremely affordable as investors can pool in small amount daily/weekly/monthly to build their gold corpus for investment purposes or to redeem it as MMTC- PAMP's 24K, 999.9 purest gold coins and bars. This unique proposition has democratised investments in the yellow metal by offering it in bite-sized quantities. Investing in digital Gold is fairly simple and transparent, and apart from the 3 percent GST levy at the time of purchase, there are no additional taxes or hidden charges while purchasing digital gold. As India's only LBMA accredited refinery for both gold and silver, the price of MMTC-PAMP digital gold linked to global markets." said Vikas Singh, Managing Director, CEO, MMTC-PAMP
Digital gold is gold purchased through a partner transacting platform which is any digital interface of a partner that could be a UPI wallet such as PAYTM, Gpay, PhonePe, an online retail store, or a bank.
The pros of investing in digital gold are investors get the best value for their money with 24K, 999.9 purity certified gold without additional tax implications or transaction charges beyond a 3 per cent GST levy at the time of purchase. Buying physical gold often poses the challenge of impurities, making charges, and storage but in case of digital gold customer is free from all such predicaments and offers the most transparent, convenient, and rewarding option to investing in the yellow-metal and consequently diversifying one's portfolio.
Investors can easily sell their digital gold or gold investments or redeem them for 24k, 999.9 purity certified gold ingots or coins from certified MMTC-PAMP centres against daily spot prices giving buyers and sellers more opportunity for exchange into another asset class or cash at any given point of time.
