Digital Gold on UPI– There is a big update for UPI users and gold lovers. If you are a gold lover and planning to buy? Then this article is for you. Buying gold has also become digital now. Gold can be easily purchased through a phone and internet. Through digital gold, you can buy gold even for Rs 10. However, you get only Rs 10 worth of gold in it.
If you want to buy digital gold, then you must have a UPI app like Paytm or Google Pay. With the help of these apps, you can buy digital gold. Let’s understand its complete process.
How to buy digital gold from Paytm?
Step 1- First of all you have to go to Paytm app.
Step 2- Then type Gold in the search bar given here and search.
Step 3- After this the Gold section will open.
Step 4- Then here you will get the option of Save Daily and Buy Lump Sum. Buy gold as per your wish from this.
Step 5- You will be able to buy gold even for Rs 10 on the Save Daily option.
Step 6- You can convert these into gold coins whenever you want. That is, digital gold can be taken in physical form.
How to buy gold from Google Pay?
Step 1- First of all open Google Pay app.
Step 2- Here also you have to search Gold on the search bar.
Step 3- After this you will get the option of Buy here.
Step 4- Then you have to enter the amount of gold you want to buy. In this you will get options like Rs 201, Rs 501 automatically.
Step 5- Here you will get the option to buy as well as sell.
What is the difference between 999 and 995?
Whenever you buy physical gold, you will see 999 and 995 written on the gold item. Before understanding which of these is better, let us know what 999 and 995 are.
999- Here 999 means that the jewellery contains 99.9 percent gold. The rest of the mixture is of other metals. This in a way indicates the purity of gold.
995- Similarly, 995 means that the item has 99.5 percent gold mixed in it. Out of these two, 999 gold is considered better because it contains more amount of gold.