Dhanteras 2019: The Diwali season is here and Dhanteras is an occasion to buy some gold. People buy gold on Dhanteras as this is believed to bring wealth and good fortune. However, with gold prices being very high it is not easy to spend on the yellow metal for everyone. In the MCX market, the price of gold was at 38, 945 per 10 gram in Delhi just a day before Dhanteras. Gold jewellery or coins cost more in retail shops. That is why it is not easy to buy gold for many.
However, if this festive season you want to bring some luck your side with purchase of gold, you can do it for as low as 1 rupee. If want to buy gold for just tradition this Dhanteras or start long-term investment in gold, Digital Gold is a great option with no minimum spend limit. You can buy 99.99 per cent 24 karat gold for as little as 1 rupee.
Digital Gold is a simple and transparent way to buy and sell gold instantly. Mobile wallet providers such as Google Pay, Paytm, Mobikwik and PhonePe have started offering digital gold on their platforms in partnership with MMTC-PAMP.
The gold purchased of any value will be stored on behalf of the user in secure vaults without a charge or at nominal cost. One can keep gold for maximum of five years. However, after five years, you are required to either convert it into gold coins or sell it.
Here's how you can buy gold for Rupee 1 this Dhanteras:
Google Pay: You can purchase gold for any value and store it in Google Pay Gold Vault. Any purchase made will be stored on behalf of the user, by MMTC-PAMP, in secure vaults. Users can buy and sell this gold any time at the latest price, refreshed every few minutes, as displayed on Google Pay app. They can also get gold delivered directly to their wish.
PayTM Gold: It allows you to buy gold worth any price online and store it at 100 per cent insured lockers at zero extra cost.
Mobikwik and PhonePe: These apps also allow users to buy and sell gold. There is no minimum limit.