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Gold-crazed Indians now need nothing more than a smartphone to buy and sell the precious metal.

Gold Nugget Image


Paytm, the country’s top digital payments platform, announced Thursday that users will now be able to purchase “digital gold” through its mobile app.

The physical equivalent of the purchased gold will be supplied by a refinery called MMTC-PAMP, a joint venture between a Swiss bullion company and the Indian government. The gold will be stored in the firm’s vaults.

Paytm users can also choose to have the gold delivered to their home. And when it’s time to sell, they can do that through the app as well….

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