What is benefit of holding gold in MMTC-PAMP (through PAYTM) versus investing gold ETFs?
One reason would be, with paytm you cannot get access to a telephonic customer support, incase the app messes up with your investments.
have you tried resolving issues with paytm over phone ?
Paytm/PhoenPe is a highly ineffecient way of buying gold. Here’s why:
Notice the spread between Buying and Selling - it’s Rs 100. That’s just plain terrible.
Now coming to ETFs, here’s the marketdepth of ICICI Gold ETF
Spreads aren’t bad at 5 paise. But the thing about ETFs is that they have expense ratios between 0.5% to 1.5%.
What’s the other option you ask? Gold bonds are in my view the most ideal way to invest in gold, both in terms of costs and convenience. Here’s a handy explainer
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or buy gold coins and biscuits and keep in locker