GOOGLE pay gold as investment
GOOGLE PLAY LAUNCH GOLD AS INVESTMENT
The platform will allow users to buy 24 karat gold that is 99.99% pure, which will be credited to the account in digital format.
WRITTEN BY--ABHISHEK
In a move that is first for its kind for the company, Google is introducing the facility to invest in gold through its digital wallet Google Pay. As per an Economic Times report, though the facility is still to be made available to the public, the company has already included the terms and conditions attached to the gold buying facility on the Google Pay app. The company has separately confirmed that the news is correct.
In the online investments, Google Pay customers can buy gold in digital form and the seller is a consortium of MMTC, a public sector company in India and PAMP, a Switzerland based bullion dealer. The precious metal offered is 24 carat gold, which is said to be 99.99% pure. Indians are fond of investing in gold and this is a safe way to invest in the metal rather than buying it in physical form in bars or jewellery and then having to keep it secure.
Incidentally the other digital wallets in India, like Paytm and Phone Pe are already offering this facility to buy gold in digital format on their respective platforms. It is also reported that Phone Pe enjoys a major share in the Indian market as far as digital investment in gold is concerned.
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