How to Invest in Digital Gold with Groww App?
How to Invest in Digital Gold with the Groww App: A Simple Step-by-Step Guide
Gold has always been a trusted investment for Indians. But buying physical gold comes with challenges such as storage, safety, and additional making charges. That’s where Digital Gold steps in — a modern, convenient way to invest in 24K gold without the hassle of physical storage.
If you use the Groww App, investing in Digital Gold becomes even easier. In this guide, we’ll walk you through what Digital Gold is, why you should invest in it, and the exact steps to buy it using the Groww app.
What is Digital Gold?
Digital Gold is an online investment where you can buy 24K pure gold (usually 99.9% purity) in digital form.
The best part?
You can buy even ₹10 worth of gold, and the gold you buy is backed by physical gold stored safely in secure vaults by trusted providers like MMTC-PAMP or SafeGold.
Why Invest in Digital Gold?
Here are some reasons Digital Gold is becoming a popular choice:
✔ Buy small fractions
Start with as little as ₹10 — perfect for beginners.
✔ 24K purest gold
You always invest in 99.9% purity gold.
✔ No storage issues
Your gold is stored in insured, secure vaults.
✔ Easy to sell anytime
You can redeem or sell instantly based on real-time market prices.
✔ Option to convert to physical gold
Some providers allow you to convert your digital gold to bars or coins.
How to Invest in Digital Gold Using the Groww App
Here’s a step-by-step walkthrough:
Step 1: Download and Log in to the Groww App
If you don’t already have the Groww app:
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Download it from Google Play Store or Apple App Store.
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Sign up using your mobile number and complete basic verification.
Step 2: Go to the ‘Gold’ Section
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Open the Groww app.
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On the home screen, you will find various investment options.
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Select “Gold” or search for Digital Gold in the search bar.
Step 3: Choose Your Gold Provider
Groww usually offers trusted digital gold partners like:
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MMTC-PAMP
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SafeGold
Both offer 24K gold with 99.9% purity. Choose your preferred provider.
Step 4: Select Amount or Weight
You can choose to invest in:
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Amount (₹) – e.g., Buy ₹500 worth of gold
or -
Gold weight (grams) – e.g., Buy 0.5 grams of gold
Groww shows real-time prices so you know exactly how much you’re buying.
Step 5: Make Your Payment
Proceed to payment using:
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UPI
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Net banking
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Debit card
Once the transaction is successful, the gold is added to your Groww gold portfolio instantly.
Step 6: Track, Sell, or Redeem Your Gold
You can:
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Track the current value
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Sell your gold instantly at live prices
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Check options to redeem into physical gold (if available)
Everything is recorded in the Groww dashboard for easy monitoring.
Is Digital Gold Safe on Groww?
Absolutely.
Your gold is:
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Stored in secure, insured vaults
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Backed by certified gold providers
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Buy/sell prices are transparent and market-linked
Groww is just the platform, while the gold is safely held by trusted partners.
Who Should Invest in Digital Gold?
Digital Gold is ideal for:
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Beginners who want to start small
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Anyone who wants to avoid physical storage
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Investors looking for short-term or long-term gold exposure
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Gift or savings plans for kids or family
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Users planning to convert digital gold into physical coins later
Final Thoughts
The Groww app makes investing in Digital Gold simple, fast, and convenient.
Whether you’re a new investor or someone looking to diversify your portfolio, digital gold is a smart way to add the timeless value of gold without any hassle.
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