5 Options to Buy Digital Gold in India: Platforms Compared
Buying digital gold in India now takes less time than ordering food.
You can begin with a small amount, purchase fractional quantities of 24K gold, track your balance online and sell without storing coins or bars at home.
But every digital gold platform is different.
Some platforms treat gold as one feature inside a larger payments or investment app. Others offer recurring savings, physical redemption or instant access to sale proceeds.
Spare8 goes further. Among the five platforms compared in this guide, it is the only platform built entirely around gold and designed to cover the complete gold journey, from buying and automated SIPs to rewards, instant withdrawals, physical redemption, leasing and partner-led gold infrastructure.
This guide compares five popular options:
Groww
Paytm
Spare8
Amazon Pay
PhonePe
We compare how each platform works, minimum purchase amounts, gold providers, recurring savings, liquidity, redemption options and additional features.
Digital Gold Platforms in India: Quick Comparison
Platform | Fresh purchases | Starting amount | Gold provider | Automated gold saving | Physical redemption | Rewards or leasing | Primary use |
|---|---|---|---|---|---|---|---|
Groww | Currently paused | Previously from ₹10 | Augmont | Not currently available for fresh purchases | Currently unavailable | No | Existing Groww users |
Paytm | Available | From ₹1 | MMTC-PAMP | Weekly and monthly SIPs | Gold delivery available | No gold leasing | Payments-app convenience |
Spare8 | Available | From ₹10 | Augmont | Daily, weekly and monthly SIPs | Available, subject to terms | Tier rewards and gold leasing | Complete gold platform |
Amazon Pay | Available | From ₹1 | SafeGold | Gold SIP available | Subject to provider terms | No gold leasing | Existing Amazon users |
PhonePe | Available | Daily Savings from ₹10 | Partner gold providers | Daily Savings and monthly SIPs | Coins and jewellery through eligible providers | No gold leasing | Automated saving inside PhonePe |
Features, minimum amounts and provider terms may change. Check the latest details displayed inside the respective app before completing a purchase.
What Is Digital Gold?
Digital gold allows you to buy fractional quantities of physical gold through an app or website.
The consumer-facing platform generally does not refine or store the gold itself.
Instead, it works with an established digital precious-metal provider such as:
Augmont
MMTC-PAMP
SafeGold
When you complete a purchase, the provider allocates the corresponding quantity of physical bullion and stores it through professional vaulting infrastructure.
Your ownership is then reflected as a digital balance.
Depending on the platform, you may be able to:
Buy gold in small rupee amounts
Set up recurring purchases
Sell gold for cash
Request coins or bars
Use eligible balances towards jewellery
Lease your gold to earn additional gold
Digital gold does not require a demat account.
However, it is not currently regulated by SEBI in the same way as Gold ETFs or Electronic Gold Receipts. Safety therefore depends on the underlying provider, custody structure, insurance, trustee oversight and audit process.
Read Is Digital Gold Safe in India? for a detailed explanation of how digital gold custody and investor protection work.
How We Compared These Platforms
We evaluated each platform using factors that matter to an everyday gold buyer.
Availability
Can a new customer currently purchase gold, or is the service limited to managing existing holdings?
Minimum purchase
A lower starting amount makes it easier to begin, but it should not be the only factor used to select a platform.
Underlying gold provider
The gold provider is responsible for supplying or allocating the bullion behind the digital balance.
The popularity of the app matters less than the strength of the infrastructure behind it.
Automated saving
Recurring purchases help investors build gold consistently instead of depending only on occasional lump-sum purchases.
Liquidity
We looked at how easily gold can be sold and how quickly the proceeds become available.
Selling gold inside an app and receiving the money in your bank account are not always the same process.
Physical redemption
Some platforms allow customers to convert digital balances into coins, bars or jewellery.
Minimum quantities, minting costs and delivery charges may apply.
Rewards and earning opportunities
Most platforms stop after allowing customers to buy, hold and sell.
We also considered whether the platform rewards regular saving or lets eligible customers earn additional gold through leasing.
1. Groww Digital Gold
Groww is primarily an investment platform offering products such as stocks, mutual funds, ETFs, bonds and commodities.
Its digital gold product was offered through Augmont.
All digital gold purchases and sales were conducted with Augmont rather than Groww acting as the underlying gold seller.
Can you currently buy digital gold on Groww?
At the time of updating this guide, fresh digital gold purchases on Groww are paused.
Existing customers can continue to view and sell gold already held through their accounts.
How selling works
Groww states that existing digital gold can be sold back to Augmont after a two-day holding period from the purchase date.
The proceeds are transferred to the selected bank account within two working days.
Physical redemption
Groww currently states that physical delivery is unavailable through the platform.
Who may consider Groww?
Groww may become relevant again if fresh purchases resume, particularly for customers who already use the platform for stocks, mutual funds and ETFs.
For now, investors looking to make a new digital gold purchase will need to consider another platform.
Groww key points
Underlying provider: Augmont
Historical starting amount: ₹10
Fresh purchases: Currently paused
Selling existing holdings: Available after two days
Bank settlement: Within two working days
Physical redemption: Currently unavailable
Primary focus: Multi-asset investing, not gold
2. Paytm Digital Gold
Paytm offers digital gold through MMTC-PAMP.
Customers can buy 24K, 99.99% pure gold through the Paytm app using one-time purchases or scheduled SIPs.
Start from ₹1
Paytm allows eligible customers to begin purchasing digital gold from ₹1.
The low starting amount makes it accessible to users who want to try digital gold without making a large purchase.
Weekly and monthly Gold SIPs
Paytm supports both weekly and monthly SIP options.
Once the mandate is set up, scheduled payments are used to purchase gold automatically.
Selling and physical delivery
Eligible holdings can be sold through the Paytm app using the live selling price provided by MMTC-PAMP.
Customers may also request delivery of eligible minted gold products, subject to:
Minimum quantity requirements
Minting charges
Packaging charges
Delivery fees
Serviceable locations
Paytm states that MMTC-PAMP provides free storage for a defined period, after which customers may need to sell their holdings, take delivery or pay additional charges.
Who may consider Paytm?
Paytm may suit customers who already use the app for UPI payments, bill payments and transfers and want a simple gold product inside the same ecosystem.
Paytm key points
Underlying provider: MMTC-PAMP
Starting amount: ₹1
Gold purity: 24K, 99.99%
Gold SIP: Weekly and monthly
Selling: Available
Physical delivery: Available, subject to terms
Gold leasing: Not offered as a standard feature
Primary focus: Payments and financial services
3. Spare8 Digital Gold
Spare8 is different from the other platforms in this comparison.
Groww is primarily an investment app. Paytm, Amazon Pay and PhonePe are primarily payments or commerce platforms.
Spare8 is the only platform among these five built exclusively around gold.
It brings the complete digital gold journey into one platform:
Buying
Automated SIPs
Selling
Instant withdrawals
Physical redemption
Gold leasing
Tier-based rewards
Business and partner integrations
This means gold is not a secondary feature hidden inside a larger app. It is the entire product.
Start buying 24K gold from ₹10
Spare8 allows customers to purchase 24K, 999-purity digital gold from ₹10.
You can make a one-time purchase or gradually build your gold balance through scheduled SIPs.
There is no need to wait until you can afford an entire gram.
Daily, weekly and monthly gold SIPs
Spare8 lets customers choose how frequently they want to purchase gold:
Daily
Weekly
Monthly
Each successful scheduled payment automatically adds more gold to the customer’s balance.
This helps investors build a consistent system instead of trying to predict the perfect day to buy.
Investors currently evaluating gold prices can read Is Now the Right Time to Buy Gold?.
The only tier-based rewards system in this comparison
Spare8 is the only platform among these five with a dedicated tier-based rewards system built around saving and investing in gold.
Eligible saving activity earns points and helps customers move through reward tiers.
Customers can unlock benefits such as:
Spins
Scratch cards
Tier-based rewards
Gold rewards
Cash rewards
Special offers
Every eligible reward attempt gives the customer something.
There are no empty spins or scratch cards after a qualifying reward has been unlocked.
This differs from occasional cashback campaigns offered by general payment apps. Spare8’s rewards system is built into the regular gold-saving experience.
The more consistently a customer saves, the more points and reward opportunities they can unlock.
Sell and withdraw instantly through UPI, 24/7
Once gold becomes eligible for sale, Spare8 customers can sell it and withdraw the proceeds instantly through UPI.
The withdrawal facility is available 24 hours a day, seven days a week.
Customers do not need to:
Wait for stock-market hours
Place an exchange order
Wait for T+1 settlement
Manually move money out of a broker account
Recently purchased gold is subject to the applicable initial holding period before it becomes eligible for sale.
After eligibility, customers can access sale proceeds through UPI at any time.
Redeem eligible holdings as physical gold
Spare8 customers can also convert eligible digital gold balances into physical gold products.
The available products, minimum quantities, minting costs and delivery charges are shown during the redemption process.
This gives customers the flexibility to begin with small digital purchases and convert their accumulated holdings into physical gold later.
Start gold leasing from 0.5 gram
Spare8 allows eligible customers to begin leasing with as little as 0.5 gram of gold.
This makes gold leasing accessible without requiring customers to first build a large balance.
The leased gold is used by verified commercial counterparties that require gold as working inventory.
In return, customers earn additional gold.
No compulsory lock-in
Spare8 offers leasing options without a compulsory fixed lock-in.
Customers retain the flexibility to exit based on the applicable leasing, settlement and withdrawal terms.
This is different from products that require an investor to commit funds or assets until a fixed maturity date.
Earn additional gold through leasing
Gold normally generates returns only when its market price rises.
Leasing gives eligible Spare8 customers a second potential source of returns.
Individual leasing opportunities may provide approximately 3.5% to 5% p.a. in additional gold, depending on the available opportunity and applicable terms.
When potential gold-price appreciation is combined with lease earnings, the total potential return can reach up to 16% p.a.
This is not a fixed or guaranteed return.
Gold prices can rise or fall, and lease earnings depend on the terms of the selected opportunity.
Read How Gold Leasing Works in India to understand custody, guarantees, counterparties, liquidity and risk.
A complete gold infrastructure, not just a buying screen
Spare8 covers the full customer-facing and partner-facing gold stack.
For customers, it provides:
Gold purchases
SIP automation
Rewards
Sales and withdrawals
Physical redemption
Gold leasing
For businesses, Spare8 provides infrastructure that allows financial platforms, MFDs, IFAs and other partners to offer gold products to their own customers.
Spare8 has also worked with larger financial-distribution businesses such as EbixCash MoneyWare for partner-led gold experiences.
This makes Spare8 more than an app for purchasing digital gold. It is an end-to-end gold platform serving both individual investors and larger distribution partners.
How Spare8’s underlying gold infrastructure works
Spare8 works with established organisations across each layer of the digital gold structure:
Augmont provides digital gold and bullion-allocation infrastructure
Sequel Logistics provides professional vaulting infrastructure
Valgo Securities provides independent trustee oversight
Spare8 brings these infrastructure layers together within one gold-focused consumer and partner ecosystem.
The platform does not simply display a gold balance. It provides the customer experience and technology needed to buy, automate, reward, withdraw, redeem and lease gold.
To understand why vaulting and independent oversight matter, read Is Digital Gold Safe in India?.
Who may consider Spare8?
Spare8 may suit customers who want gold to be more than a small feature inside a general-purpose app.
It is particularly relevant for people looking for:
A gold-only platform
A ₹10 starting amount
Daily, weekly or monthly SIPs
Tier-based rewards
Guaranteed rewards on eligible reward attempts
Instant UPI withdrawals, 24/7
Physical gold redemption
Gold leasing from 0.5 gram
No compulsory leasing lock-in
Additional potential returns through leasing
Spare8 key points
Underlying provider: Augmont
Starting amount: ₹10
Gold purity: 24K, 999
Platform focus: Exclusively gold
Gold SIPs: Daily, weekly and monthly
Rewards: Tier-based points and rewards
Eligible reward attempts: Every attempt wins something
Withdrawal: Instant UPI, 24/7, once eligible
Physical redemption: Available, subject to terms
Minimum gold for leasing: 0.5 gram
Compulsory leasing lock-in: None
Potential lease earnings: Approximately 3.5% to 5% p.a.
Potential combined return: Up to 16% p.a., not guaranteed
Partner infrastructure: Available for financial platforms, MFDs and IFAs
Larger partnerships: Includes EbixCash MoneyWare
4. Amazon Pay Digital Gold
Amazon Pay allows customers to purchase digital gold through the Amazon app.
The underlying product is provided through Digital Gold India Private Limited, commonly known as SafeGold.
Start from ₹1
Eligible customers can purchase digital gold beginning from ₹1.
The gold quantity is calculated using the live purchase price shown before payment.
Gold SIPs
Amazon Pay also provides recurring digital gold purchase options for eligible customers.
The available amount, schedule and mandate terms are displayed during setup.
Selling and physical redemption
Eligible holdings can be sold using the live selling price provided by SafeGold.
Physical redemption may also be available, subject to SafeGold’s:
Minimum quantity
Minting costs
Product availability
Delivery charges
Serviceability rules
Who may consider Amazon Pay?
Amazon Pay may suit customers who regularly use Amazon and want to purchase digital gold without installing a separate gold app.
The experience is convenient, but gold remains one feature within a much wider shopping and payments ecosystem.
Amazon Pay key points
Underlying provider: SafeGold
Starting amount: ₹1
Gold SIP: Available for eligible customers
Selling: Available
Physical redemption: Subject to provider terms
Tier rewards for gold saving: No dedicated system
Gold leasing: Not offered as a standard feature
Primary focus: Shopping and payments
5. PhonePe Digital Gold
PhonePe offers digital gold through its partner gold providers.
Customers can choose between one-time buying, Daily Savings and monthly Gold SIPs.
Daily Savings from ₹10
PhonePe allows customers to set up Daily Savings beginning from ₹10 per day.
The amount is automatically used to purchase gold according to the selected mandate.
Customers can pause or stop Daily Savings based on the applicable terms.
Monthly Gold SIPs
PhonePe also offers monthly Gold SIPs.
Customers select the amount and payment date, after which scheduled purchases are completed automatically.
Selling gold for cash
Eligible gold can be sold back to the underlying provider.
PhonePe states that sale proceeds can be transferred to the customer’s linked bank account.
The final amount depends on the current selling price and applicable provider terms.
Coins and jewellery
PhonePe allows eligible gold balances to be converted into coins and, through select providers, jewellery.
A minimum quantity is generally required for physical conversion. Minting and delivery charges may also apply.
Who may consider PhonePe?
PhonePe may suit existing users who want to combine UPI payments with daily or monthly gold saving.
It offers useful automation and redemption options, but gold is one part of a broader payments and financial-services platform.
PhonePe key points
Starting amount: ₹10 per day for Daily Savings
Gold purity: 24K, subject to provider
Daily Savings: Available
Monthly SIP: Available
One-time purchases: Available
Selling: Available
Coins and jewellery: Available through eligible providers
Tier rewards for gold saving: No dedicated system
Gold leasing: Not offered as a standard feature
Primary focus: Payments and financial services
Which Digital Gold Platform Should You Choose?
The right platform depends on what you want from your gold.
Choose Groww if you already hold gold there
Groww remains useful for customers managing existing holdings.
Fresh digital gold purchases are currently paused, so it is not the strongest choice for someone looking to begin today.
Choose Paytm for low-entry gold inside a payment app
Paytm allows purchases from ₹1 and offers weekly and monthly Gold SIPs through MMTC-PAMP.
It may suit existing Paytm users who prioritise convenience.
Choose Spare8 for the complete gold experience
Spare8 stands out because it is the only platform in this comparison built entirely around gold.
It combines:
One-time purchases
Daily, weekly and monthly SIPs
Tier-based rewards
Guaranteed wins on eligible reward attempts
Instant UPI withdrawals, 24/7
Physical redemption
Leasing from 0.5 gram
No compulsory leasing lock-in
Potential additional earnings in gold
Consumer and business gold infrastructure
It is the strongest option for customers who want to actively build, use and grow their gold rather than simply purchase it.
Choose Amazon Pay for convenience inside Amazon
Amazon Pay may suit occasional buyers who already use Amazon and want a simple, low-entry digital gold option.
Choose PhonePe for daily saving inside a UPI app
PhonePe may suit customers who want Daily Savings or a monthly Gold SIP within an app they already use for payments.
Which Platform Has the Most Complete Gold Infrastructure?
Among the five options compared, Spare8 offers the broadest gold-focused infrastructure.
The other platforms primarily distribute digital gold as one product within a much larger app.
Spare8 is focused entirely on gold and supports the full journey:
Buy 24K digital gold
Automate daily, weekly or monthly purchases
Earn points and tier rewards
Sell eligible holdings
Withdraw proceeds instantly through UPI
Redeem eligible holdings as physical gold
Lease from 0.5 gram
Earn additional gold without a compulsory fixed lock-in
Offer gold products through business and distribution partners
This end-to-end approach is what separates a gold platform from a basic gold-buying feature.
Which Digital Gold Platform Offers the Best Rewards?
Spare8 is the only platform among the five compared with a dedicated tier-based rewards system linked to regular gold saving.
Eligible activity earns points and unlocks reward opportunities such as spins and scratch cards.
Every eligible reward attempt gives the customer a reward.
Other platforms may run temporary cashback promotions, but that is different from a permanent points and tier system built into the saving journey.
Which Platform Offers Gold Leasing?
Spare8 is the only platform in this comparison offering gold leasing to eligible retail customers.
Customers can begin from 0.5 gram and choose opportunities without a compulsory fixed lock-in.
Lease earnings are paid in additional gold and are separate from any change in the market price of gold.
Gold leasing carries counterparty, operational and liquidity risks. Investors should understand the structure before participating.
Which Digital Gold Platform Is Safest?
The safest digital gold platform is not necessarily the app with the most downloads.
Investors should check:
Who supplies the gold
What purity is offered
Where the bullion is stored
Whether the vault is insured
Whether independent audits are conducted
Whether a trustee provides oversight
How easily the gold can be sold or redeemed
What happens if the consumer-facing app stops operating
Read Safest Way to Invest in Gold in India for a complete safety comparison across digital gold, physical gold, ETFs, SGBs and leasing.
Costs to Check Before Buying Digital Gold
Digital gold is convenient, but it is not free of costs.
GST
A 3% GST generally applies when purchasing digital gold.
This means the immediate resale value may be lower than the amount paid.
Buy-sell spread
Platforms display separate buying and selling prices.
The selling price is generally lower than the buying price at the same moment.
This makes digital gold less suitable for immediate resale.
Physical delivery charges
Redeeming digital gold as coins or bars may involve:
Minting charges
Packaging charges
Delivery fees
Minimum weight requirements
Storage limits
Some providers offer free storage only for a specified period.
After this period, the customer may need to sell, take delivery or pay additional charges.
Tax on gains
Profits made when digital gold is sold may be subject to capital-gains tax.
Read Tax on Digital Gold in India for the latest explanation of GST, capital gains and gold-leasing taxation.
Digital Gold vs Gold ETFs, EGRs and SGBs
Digital gold is not the only way to invest in gold.
Other options include:
Physical gold
Gold ETFs
Electronic Gold Receipts
Sovereign Gold Bonds
Gold mutual funds
Digital gold is generally better suited to customers who value:
Small purchase amounts
App-based investing
Automated saving
Physical redemption
Instant liquidity
Optional gold leasing
Gold ETFs and EGRs provide SEBI-regulated structures but generally require a demat or investment account.
SGBs provide sovereign backing, but no new primary issue has currently been announced and existing bonds follow specific maturity and redemption rules.
Compare the main formats in Digital Gold vs ETF vs SGB vs Physical Gold.
You can also read EGR vs Digital Gold for a focused comparison of exchange-based and app-based gold ownership.
SGB holders evaluating where to reinvest redemption proceeds can read What to Do After Your SGB Redeems.
Frequently Asked Questions
Which are the five platforms compared in this guide?
This guide compares Groww, Paytm, Spare8, Amazon Pay and PhonePe.
Which platform is built only for gold?
Among the five platforms compared, Spare8 is the only one built exclusively around gold.
The other platforms offer gold alongside payments, shopping, stocks, mutual funds or other financial products.
Which platform offers the complete gold infrastructure?
Spare8 covers the complete customer-facing gold journey, including buying, SIPs, rewards, selling, instant UPI withdrawals, physical redemption and gold leasing.
It also provides infrastructure for larger financial and distribution partners.
Which digital gold platform starts from ₹1?
Paytm and Amazon Pay allow eligible digital gold purchases beginning from ₹1.
Minimum amounts can change, so check the latest figure inside the app.
Can I buy digital gold from ₹10?
Yes.
Spare8 allows customers to start from ₹10.
PhonePe also offers Daily Savings beginning from ₹10 per day.
Can I currently buy digital gold through Groww?
Fresh digital gold purchases on Groww are currently paused.
Existing customers can continue managing and selling eligible holdings.
Which platform offers daily gold SIPs?
Spare8 offers daily, weekly and monthly gold SIPs.
PhonePe also provides a Daily Savings feature and monthly Gold SIPs.
Which platform offers instant UPI withdrawals?
Once holdings become eligible for sale, Spare8 allows customers to withdraw the proceeds instantly through UPI, 24 hours a day.
Which platform rewards customers for saving gold?
Spare8 has a dedicated tier-based rewards system connected to eligible gold-saving activity.
Customers earn points, progress through tiers and unlock reward attempts.
Every eligible reward attempt gives the customer something.
Does Spare8 have empty spins or scratch cards?
No.
Every eligible spin or scratch-card attempt unlocked through the rewards system gives the customer a reward.
Which digital gold platform offers leasing?
Spare8 allows eligible customers to lease digital gold through available leasing opportunities.
The other four platforms in this comparison do not offer gold leasing as a standard retail feature.
What is the minimum amount required for gold leasing?
Eligible Spare8 customers can begin gold leasing from 0.5 gram.
Does Spare8 gold leasing have a lock-in?
Spare8 offers leasing opportunities without a compulsory fixed lock-in.
Exit and settlement remain subject to the applicable opportunity terms.
Can digital gold earn up to 16% p.a.?
On Spare8, the combined potential return can reach up to 16% p.a. when potential gold-price appreciation is added to applicable leasing earnings.
The return is not fixed or guaranteed.
Can digital gold be converted into physical gold?
Yes.
Several platforms allow eligible digital gold balances to be converted into coins, bars or jewellery, subject to minimum quantities and charges.
Can digital gold be used to buy jewellery?
Certain provider ecosystems allow eligible balances to be used through jewellery partners.
Availability depends on the underlying gold provider, platform and applicable redemption rules.
Is digital gold regulated by SEBI?
No.
Digital gold is not currently regulated by SEBI as a security or commodity derivative.
Gold ETFs and EGRs operate within SEBI-regulated structures.
Is digital gold taxable?
Yes.
GST generally applies when digital gold is purchased, and profits made on sale may be subject to capital-gains tax.
Is digital gold suitable for short-term trading?
Digital gold is generally better suited to gradual accumulation than immediate resale.
GST and the difference between buying and selling prices can reduce short-term returns.
The Bottom Line
Groww, Paytm, Spare8, Amazon Pay and PhonePe provide different ways to access digital gold.
Groww currently supports existing holdings but has paused fresh digital gold purchases.
Paytm offers low-entry gold and scheduled SIPs through MMTC-PAMP.
Amazon Pay provides convenient access for existing Amazon customers.
PhonePe combines one-time buying with Daily Savings and monthly SIPs.
Spare8 is the only gold-only platform among the five and offers the most complete gold journey.
Customers can start from ₹10, automate daily, weekly or monthly purchases, earn tier-based rewards, withdraw eligible sale proceeds instantly through UPI 24/7, redeem gold physically and begin leasing from 0.5 gram without a compulsory fixed lock-in.
Spare8 also supports partner-led gold infrastructure for larger financial and distribution businesses such as EbixCash MoneyWare.
Before choosing any platform, look beyond the minimum purchase amount.
Check the underlying provider, purity, custody, trustee, audits, withdrawal process, physical-redemption terms and total costs.
The right platform is not simply the one that allows you to buy gold.
It is the one that lets you use gold in the way that matches your financial goals.
Continue Reading
Gold and other market-linked assets carry risk. Gold prices can rise or fall. Returns of up to 16% p.a. represent potential combined returns from gold-price appreciation and applicable gold-leasing earnings and are not fixed or guaranteed. Gold leasing may involve counterparty, operational and liquidity risks. This article is for informational purposes and does not constitute financial, legal, tax or investment advice.