Buying and selling gold is now easier with the introduction of digital gold transactions.
People who want to invest in gold do not need to go to physical stores again because they can only enter applications such as Google Pay, Paytm and others that offer digital gold and buy it.
Digital gold is easily stored and safer, because you don’t have to keep physical gold with yourself.
You can also sell gold online on the same platform where you save it.
Let’s discuss the details of this transaction before you buy and sell gold in Google’s salary.
Google Pay allows you digitally buying and storing gold from Indian MMTC-PAMP PVT.
Ltd.
in your existing payment application.
The Google application is equipped with a gold locker where you can save all the gold you buy through the application.
You can digitally sell gold that you have in your gold locker back to MMTC-PAMP.
Just follow the simple steps to buy and sell gold in Google’s salary.
Buying gold on Google Pay is the steps you have to follow to buy gold on Google Salary: Step 1: Open the Google Pay application.
Step 2: Tap new payments at the bottom of the screen.
Step 3: In the search bar, look for “Gold Locker” and press Enter Step 4: Tap on the golden locker.
Step 5: Tap Buy and the current purchase price of gold (including taxes) will appear.
Step 6: Prices remain locked for only 5 minutes after you start the purchase.
Step 7: Now enter the amount of gold you want to buy, at INR $ (RS).
Step 8: Tap the check mark to complete sales.
Step 9: After your sales are confirmed, the number will appear in your bank account in a few minutes.
There is no overall limit on the amount of gold that you can buy and save, there is a golden limit of gold ₹ 50,000.
The minimum purchase amount is ₹ 1 from gold.
Although, the account is a total of more than ₹ 49,999 to follow your customer’s norm (KYC) before making additional purchases.
To sell gold digitally you have to buy gold in a golden locker.
Money made of sales will be credited to your main bank account related to the Google Pay account.
You can also ARR ange for legal heir to inherit gold in your golden locker.
Follow the steps below to sell gold.
Selling gold on Google Paythese is the steps you have to follow to sell gold digitally on Google Pay Gold Locker: Step 1: Open the Google Pay application.
Step 2: Tap new payments at the bottom of the screen.
Step 3: In the search bar, look for “Gold Locker” and press Enter.
Step 4: Tap on the golden locker.
Step 5: Tap Sell.
The selling price of the gold market today appears.
Step 6: Prices remain locked for 8 minutes after you start the transaction as a price fluctuating throughout the day.
Step 7: Enter the amount of gold you want to sell in mg.
The market value is shown in ₹ below the number of gold selected.
Step 8: Tap the check mark to complete sales.
Step 9: After your sales are confirmed, the number will appear in your bank account in a few minutes.
If there is an account holder, the legal heir can inherit gold from Gold Locker.
The legal heir must contact Google Pay / MMTC-PAMP and tell them about their status as a legal heir.
After confirming the heir’s identity, the MMTC-PAMP closes a golden account and physically gives them gold.