Paytm has come up with two new services Gold Gifting and Gold Savings Plan as part of its wealth management offering, Paytm Gold.

Gold gifting is a convenient gifting solution using which customers can instantly send 24K 999.9 purity gold to others. The company in a release said that repeat purchases of Paytm Gold valuing up to Rs. 500 have been made at regular intervals. Over 60% Paytm Gold purchases are made from Tier-II and III cities and millenials come in as the major buyers on the platform.

Through the Gold Saving Plan offering customers as per their budget and need can regularly save in the yellow metal by giving in the details such as the amount of gold, frequency and duration.

The company said, "This would eliminate additional fees associated with offline Gold purchase like making and locker charges, while offering customers access to trusted and affordable gold savings for the long-term".

The customer's gold will be stored in 100% secure and insured lockers of MMTC PAMP free of cost and as and when customers desire the delivery would be made to them.

With PTI Input