Paytm sold 30kg Gold within in 6 days

New Delhi, May 03: Paytm sold 30kg Gold within in 6 days...!!

What you heard is absolutely correct...

Paytm has made the process of transactions of payments very easy, for any kind of things whenever we buy. Now we can buy GOLD through Paytm also.

Paytm has introduced 'DIGITAL GOLD' service and they had sold over 30kgs of 'DIGITAL GOLD' in six days of launching the service in partnership with the gold refiner, MMTC-PAMP.

Last week, the two companies had launched 'Digital Gold' service that allowed customers to buy and sell gold through Paytm's electronic platform.

The facility allowed people to buy gold for as low as a Re 1.

Using their Paytm mobile wallets, consumers can purchase 24K 999.9 purity gold online and store it in MMTC-PAMPs secure vaults free of charge.

"We are registering high traction from smaller cities as well since consumers now have better access to high-quality gold at small ticket prices," Paytm Senior Vice President Krishna Hegde said.

They can also request for their gold to be delivered to their homes in the form of minted coins or sell it back online to MMTC-PAMP account and get it delivered at your convenience.

India is the world's largest consumer of gold. An estimated 24,000 tons worth $900 billion of gold is stocked in homes and bank lockers in India.

Just make your first Gold purchase and the Gold balance would start reflecting on the screen of Paytm app. On a Facebook post by Paytm CEO Vijay Sekhar Sharma, he

explained, buy digitally from the comfort of your home and You even get to pick 24 carat gold coin of this purchase.