Google Pay launches Gold buying, in collaboration with MMTC-PAMP India

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To make Google Pay more useful for Indian customers, Google has partnered with MMTC-PAMP India to introduce the buying and selling of gold through the app. Through this partnership with India’s only LBMA accredited gold refinery, Google Pay users will be able to buy 99.99% 24 karat gold.

Speaking on the occasion Ambarish Kenghe, Director – Product Management, Google Pay, India said “Gold is core to Indian culture and tradition, making India the world’s second largest consumer of gold. Indians buy gold to mark auspicious occasions each year be it Akshaya Tritiya, Dhanteras or Diwali. Keeping this in mind we introduced gold buying and selling feature on Google Pay for the millions of Indians who can buy gold whenever and from wherever right from their mobile phones”

Now, Google Pay users can purchase gold for any value and that will be stored on behalf of the user, by MMTC-PAMP, in secure vaults. The users can buy and sell this gold any time at the latest price, refreshed every few minutes, as displayed on Google Pay app.