Page 30 - Bullion World Volume 3 Issue 3 March 2023

Bullion World | Volume 3 | Issue 3 | March 2023

DOMESTIC

news

MMTC-PAMP India launches
digital silver

MMTC-PAMP India announced the launch of digital silver ,
allowing investors to start accumulating the precious metal
for as little as ₹1 on the lines of digital gold.

The company, India's only London Bullion Market Association-accredited
gold and silver refinery, is a joint venture between state-run MMTC and
Switzerland-based bullion brand PAMP SA.

Silver traded at ₹67,516 per kg. Silver prices have risen nearly 10% in the
past one year, amid increasing demand in electronics, medical equipment
ICEGATE Integration and solar panels, among others.

to Boost IIBX Gold The metal is a proven hedge against inflation, which makes it an attractive

Trading investment option in times of economic uncertainty.

Digital silver provides all the benefits of silver, with added benefits of
CASHe, an Indian credit-led, AI- transparency, round-the-clock accessibility, assured purity and low entry
driven financial wellness platform, point to silver investments, with no making charges involved.
announced that it had launched
GOLDe Rewards, an innovative While investing in digital silver with MMTC-PAMP investors purchase 999.9+,
rewards program backed by digital purest silver that is fully secured and insured, according to the company.
gold for prospective borrowers and Physical silver with 999.9+ purity, equivalent to the amount of digital silver
users. The GOLDe rewards program purchased by the investor, is stored in certified bank-grade vaults, audited
incentivises every user with GOLDe by a third-party universal trustee.
Rewards in the form of digital gold
coins equivalent to 1% of every Investors have the choice of retaining the purchase within MMTC-PAMP's
loan transaction deposited in a gold secure digital vault or redeeming it later from an extensive range of
jar made available to them on the exquisitely crafted 999.9+, purest silver coins and bars, which are delivered
CASHe app. The GOLDe reward at the doorstep.
points accumulated by the users
can be converted to digital gold "Being the most trusted leader in digital gold, we want to make sure we are
and then redeemed as cash to buy continually improving our products to offer the best customer experience.
movie tickets, dine at a restaurant, or We are democratising the way Indians buy gold and silver, breaking down
even deposit in their bank account. barriers, empowering all," said Vikas Singh, managing director, MMTC-
The digital gold stored in the gold PAMP India.
jar is powered by Augmont and
provides users with a safe, easy, and "Our digital multi-metals platform enables investment for everyone, with the
reliable method of buying, selling ability to buy the purest precious metals with any amount. With our platform,
and redeeming 24k digital gold with investors can buy digital gold and later redeem it for silver coins and vice
99.99 per cent purity. versa."
Source: https://ibsintelligence.com Source: https://economictimes.indiatimes.com

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