One of the fastest-growing investment options in India is digital Gold. Apps like PayTM Gold, Groww, and PhonePe have made people invest in gold without visiting the shop. With the rise and use of UPI and wallet-based payment options, developing a digital gold investment mobile app is a must for businesses to reach high profits. If you are looking to develop a digital gold mobile app like PayTM Gold, then this blog will detail everything – technologies, features, workflow, future integrations, and cost.

Understanding the Growth of Digital Gold Investments

The need for digital gold is rapidly increasing among both seasoned investors and beginners looking to invest in small amounts. Digital gold addresses many challenges faced by traditional gold investments. Users prefer Digital gold investments for the following reasons,

Low investment amount, investments can start from 10 rupees
100% purity
Safe vault storage
Instant buying and selling options
At any time, it can be converted to physical gold
No making charges

Due to the rise of financial awareness, acceptance of small investments, and mobile-first investing options, India’s digital gold market is expected to grow.

Working of Digital Gold Mobile App Like PayTM Gold

Before planning to develop a digital gold app, one should know about the entire working of the digital gold mobile app. Apps like PayTM Gold act as a mediator between the gold service providers like Augmont, MMTC-PAMP, or SafeGold and the investors.

The working process,

User registration and verification using KYC
From the provider API, the app receives the gold price updates directly.
By using UPI or Wallet, users can buy gold
In the provider’s vault, the equivalent gold is stored
In the app, the digital gold balance instantly reflects
The user can sell their gold anytime
Gold bars and coins can be ordered by users and it can be delivered to their preferred address.

The working model of the digital gold app is simple and transparent.