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Akshaya Tritiya 2024: How to buy digital gold via Google Pay and Paytm; know the steps

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Akshaya Tritiya, also called Akha Teej, is a revered festival celebrated on the third day of the waxing phase (Shukla Paksha) of the Vaishakh month. This year, the festival falls on Friday, May 10, according to the Drik Panchang. According to Hindu traditions, Akshaya Tritiya is dedicated to the worship of Goddess Lakshmi. It is believed that purchasing gold on this day brings prosperity and good fortune.

During Akshaya Tritiya, people acquire various forms of gold, including jewellery and digital gold . However, with the evolution of technology and increasing digitization, investors are showing a preference for digital gold.


Akshaya Tritiya 2024 : What is digital gold?


Digital gold presents a modern method of purchasing gold online, offering an alternative to acquiring physical gold. Through digital gold platforms, users can buy gold online , with the equivalent amount being held as physical gold in insured vaults. The minimum purchase amount can be as low as one rupee, providing accessibility to a wide range of customers. Users have the flexibility to sell the entire amount or a fraction of their digital gold at any time, based on prevailing market rates. It's important to note that digital gold is not regulated by government bodies such as SEBI or RBI, and its tax treatment aligns with that applicable to physical gold.

To buy digital gold online, popular applications like Paytm or GooglePay offer convenient platforms. Here's a brief guide on purchasing gold through these apps.


Akshaya Tritiya 2024: How to buy gold online via Paytm

  • Step 1: Launch the Paytm app on your mobile device.

  • Step 2: Navigate to the "All Services" section within the app.

  • Step 3: Use the search bar to look for the term "Gold."

  • Step 4: Select the "Gold" option from the search results.

  • Step 5: Choose between "Buy in Amount" or "Buy in Grams" based on your preference.

  • Step 6: Enter the desired amount you wish to purchase and proceed by tapping on "Proceed."

  • Step 7: Finalise your purchase to acquire digital gold. You can complete the payment using Paytm Wallet, UPI, Net Banking, or Debit/Credit Card.


Akshaya Tritiya 2024:How to buy digital gold via Google Pay

  • Step 1: Launch the Google Pay app on your device.

  • Step 2: Enter "Gold Locker" into the search bar and initiate the search.

  • Step 3: Select "Gold Locker" from the search results.

  • Step 4: Tap on "Buy." The current market buying price of gold, including tax, will be displayed. This price remains locked for 5 minutes from the start of your purchase, as market prices may fluctuate throughout the day.

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