7 best platforms to buy digital gold in India

Buying digital gold in india is easy now with digital apps. These apps help you invest in digital gold in minutes without taking a long process to buy digital gold.

Investing in digital gold has many advantages like no need to worry about storing gold.

You can always track the performance of digital gold with these 7 best platforms to buy digital gold in India.

List of Apps to buy Digital Gold in India

Groww

Groww has overtaken Zerodha Kite to become the largest active user broker in India. Investing in gold using Groww is now simple and easy.

Buying digital gold in Groww requires you to open a demat account on Groww.

Steps to buy digital gold in Groww

Step 1: Open the Demat account

Step 2: Click on Stocks

Step 3: Search for gold ETF stocks such as Nippon India ETF Gold BEES

Step 4: Click on the gold ETF and Click Buy

Step 5: Select Quantity and buying price

Step 6: Click on Buy.

Once you buy gold stock, you will find it in the position section and in the Holding section the next day.

Zerodha Kite

Zerodha Kite is the second largest broker in India, with over 7+ million active members on the platform. 

Zerodha kite is known for its user friendly navigation and easy process to buy stocks.

Steps to buy digital gold in Zerodha Kite

Step 1: Open a demat account on Zerodha Kite.

Step 2: Click on “Watchlist”

Step 3: At the top search bar, search for the gold stock, such as Tata Gold

Step 4: Click on the gold stock.

Step 5: You will find 2 options, such as buy and sell

Step 6: Click on Buy

Step 7: Select the quantity and price of Gold ETF

Step 8: Swipe to buy digital gold.

Upstox

Upstox is a popular broker in India with over 2+ million active members on it. 

Upstox has 2 versions; one is Upstox Basic, and the other is Upstock Pro.

Upstox Basic is for beginner-level traders, and Upstox Pro is for experienced traders who deal with F&O and have other advanced features.

Steps to buy digital gold in Upstox

Step 1: Open a demat account with Upstox which takes 48 hours Approx.

Step 2: Go to the Discover section

Step 3: on the top right, there will be a search icon.

Step 4: Search for the gold stock.

Step 5: Click on your selected gold stock.

Step 6: Select the total quantity and price and click on Buy.

PayTm

Pay Through Mobile, popularly known as PayTm, is a fintech company in India. PayTm provides many services to its customers, such as recharge, bill payments and digital gold.

PayTm became a popular app during COVID-19, and since then, it has grown to multifold.

Steps to buy digital gold in PayTm

Step 1: Open Paytm App 

Step 2: Navigate to the Recharge and Bill Payments section

Step 3: Select Paytm Gold

Step 4: Enter the total amount you wish to buy Paytm gold.

Step 5: Select “Buy One Time” or Start “SIP”

Step 6: Select the payment type.

Step 7: You can find PayTm gold investment in on Paytm gold section.

PhonePe

PhonePe is the largest Fintech company in India, with over 350+ million users.

PhonePe provides many services, including buying digital gold in India in a few simple steps. 

Steps to buy digital gold on PhonePe

Step 1: Open the amount on phone pay and verify identity.

Step 2: At the bottom, Click on the Wealth section

Step 3: Navigate to “Investment Ideas”

Step 4: Click on Gold Funds

Step 5: Select a fund from the listed funds

Step 6: Select monthly SIP or One-time

Step 7: Enter the total amount

Step 8: Click on Invest now

GooglePay

Owned by Google, GooglePay is widely used for UPI payments in India.

GooglePay provides wide services in India, from bank transfers and payments of bills to buying digital gold in India.

It is easy to buy digital gold in India using GooglePay because it is user-friendly and easy to navigate.

Steps to buy digital gold on GooglePay

Step 1: Open a GooglePay account

Step 2: Navigate to the businesses section

Step 3: Click on Gold Locker

Step 4: Click on Buy gold

Step 5: Enter the total amount for investment

Step 6: Choose the payment type and make payments.

Step 7: You will find digital gold in the same section.

5Paisa

5Paisa is a discounted broker that charges less fees on buying and selling stocks and trading.

5Paisa, an Indian broker with over 2+ million users on its platform, has made rapid growth in recent years.

Steps to buy digital gold on 5Paisa

Step 1: Open a demat account on 5Paisa

Step 2: Search for a gold ETF

Step 3: Click on the desired ETF

Step 4: Select the quantity and market type

Step 5: Review the selected gold ETF

Step 6: Click on Buy.

Why invest in Digital gold or e-gold?

Investing in digital gold has many advantages, such as 

1. No need for any space for storage
2. Investors have the option to buy fractional gold
3. Transaction of E-gold is low
4. E-gold has high liquidity.
5. E-gold is secured.

FAQ on buying digital gold in India

1. Where can I buy digital gold?

You can buy digital gold from reputed gold brokers such as Groww, Zerodha Kite and 5Paisa.

2. How to invest in digital gold

Open a demand account from a good gold broker and start investing in digital gold.

3. How safe is digital gold

Digital gold is the safest when compared with physical gold because you do not need a space to be kept.

4. How to sell digital gold 

Selling digital gold is the same as buying gold; just select the digital gold and sell it in a fraction of a second

5. Can we make money by investing in digital gold?

Yes, investing in digital gold can make you money because the value of gold increases in real-time, and you can track its growth.