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Gold is not only a material of great value, which is closely linked to Indian culture and tradition, but has also been a time-tested investment option, which is very common in Indian society. For several decades, gold has been among the first investment choices. When somebody has extra money, that is the first thing that springs to mind. The major reason for this is that it is seen as auspicious in addition to being a money producer.
Here is the list of Top Fintech Startups in India.
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List of Top 11 Best Platforms To Invest In E-gold
There are many gold investment companies and online gold buying applications are fueling the growing demand for digital gold and making investing in gold faster, safer and easier. So we will tell you the best digital gold investment platforms in India where you can invest in E-gold.
1. DIGIGOLD - Most Trusted Digital Gold Investment Platforms
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Ahmedabad-based DIGIGOLD was founded in 2021, it is an online digital gold investment platform for both Gold and Silver where customers can buy, sell and store online at live market rates. It provides services to clients to invest in gold and silver. Through this platform, users will be able to buy gold in grams at a starting price of Rs 01.
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DIGIGOLD is India's best platform to buy digital gold, the most trusted digital platform for buying, selling, and storing gold and silver at live market values. DIGIGOLD's pricing is the nation's best, showing its commitment to efficiency and competitiveness.
They also offer no-lock-in SIP in Gold with periodic installments starting at Rs. 500, which can yield the best returns!
They also offer no-lock-in SIP in Gold with periodic installments starting at Rs. 500, which can yield the best returns!
2. Phonepe
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Founded in 2015 by Sameer Nigam, Rahul Chari, and Burzin Enginee, PhonePe Group is India’s leading fintech company.
It allows its users to invest in or buy 99.99% pure gold for as little as INR 1. This platform offers the promise of transparent pricing and assured quality. Users on the platform need to log in to their account and select the Gold option which will be available in the My Money section.
The company also allows its users to invest in gold in rupees or amounts, which makes it one of the best apps for gold investment in India.
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3. Paytm
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Noida-based Paytm was founded in 2010 by Vijay Shekhar Sharma. it is a multinational financial technology company specializing in digital payment systems, e-commerce, and financial services.
It also provides a dedicated portal for e-gold investment. Paytm e-Gold is designed for Indians to buy and sell gold, gift it to their family and friends, and physically deliver it when needed. It is considered one of the best platforms to buy digital gold in India.
The company has partnered with MMTC PAMP to ensure that you get the finest and most authentic quality of gold authorized and recognized internationally. When a customer buys gold on the platform, MMTC-PAMP keeps 24 karat 99.99% pure gold in secure premises in 100% insured safes.
4. Google Pay
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Launched in 2015, Google Pay is a digital payment platform. It also lets users invest or buy 99.99% pure gold for as little as INR 1, which makes it best digital gold investment platforms in India.
Gold purchased or received from a Google Pay account appears in the Gold Locker. Gold Locker is a visual, digital representation of customers' GAP account balances. Users can buy gold using the Google Pay platform and do the same thing as digital gold purchased through PhonePe and Paytm.
5. Groww
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Bangalore-based Groww was founded in 2016; it is an online investment platform. It provides services to the clients to invest in mutual funds and stocks. Through this platform, users will be able to buy gold in grams at a starting price of Rs 10.
The purchases cannot be done through Groww Fund, and users have to buy them through UPI, NEFT, Net Banking, IMPS, or RTGS. To provide pure and high-quality bullion to the users, Grow has partnered with Augmont Gold Pvt. Ltd.—an integrated precious metals management company.
6. Airtel Payments Bank
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New Delhi-based Airtel Payment Bank was founded in 2017. It is a financial services company that is a subsidiary of Bharti Airtel, which received a payments bank license from the RBI.
Through this platform, users will be able to invest in digital gold, and this feature can only be used by Airtel Payments Bank savings account customers. It launched DigiGold, a digital platform for its customers to invest in gold.With DigiGold, Airtel Payments Bank savings account customers can invest in 24K gold using the Airtel Thanks app.
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With DigiGold, Airtel Payments Bank savings account customers can invest in 24K gold using the Airtel Thanks app.
7. HDFC Securities
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HDFC Securities—The Mumbai-based HDFC Securities, a subsidiary company of HDFC Bank, was founded in 2000. It also allows its users to invest in digital gold. It offers a suite of products and services across various asset classes such as equity, gold, debt, and real estate.
Through this platform, users can buy 24k gold in terms of rupees as well as quantity. Users will be able to buy high-quality gold and store it securely in a digital locker that can be accessed anytime and anywhere.
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8. Motilal Oswal
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Motilal Oswal - Established in 1987, Motilal Oswal is a diversified financial services company based in Mumbai.
It allows users to buy gold online from the comfort of their home, and these transactions are completely safe and secure by MMTC-PAMP through Motilal Oswal digital platforms.
It allows users to buy digital gold at a starting price of INR 1,000 and 24k pure gold at the best price and keep it safe online.
9. Amazon.in
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Amazon.in - US-based Amazon was founded in 1994; it is one of the largest e-commerce platforms in India. Users can buy Digital Gold through the Amazon app on the Amazon Pay page or users can directly search for it on the search bar. Through Gold Vault, it allows users to buy digital gold on its platform for as low as ₹5. Amazon Pay has partnered with SafeGold to offer 24K gold of 995 purity (99.5% pure).
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10. 5Paisa
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5Paisa—Mumbai-based 5Paisa was founded in 2017 by Prakarsh Gagdani; it is a leading financial service and stock broking company. Through this platform, it allows users to buy and sell digital gold. It allows users to buy gold starting from Rs 50 and charges a basic convenience fee and delivery charges if the user wants to get the gold delivered home.
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11. Upstox
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Backed by Ratan Tata, Upstox Pro is an online trading platform that is a brand name under RKSV Securities. Upstox has shut down the Digital Gold platform due to regulatory directives.
Earlier, the platform would let users invest in digital gold for an amount of Re 1 and users could invest in 24k, 99.95 pure gold by opening a Demat account with the broker and going to the investment section on the application.
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Frequently asked questions (FAQs)