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Paytm Becomes the Largest Online Retailer of 24K Pure Gold

Wishing to buy Gold, why not from Paytm this time? Over 80000 Tollas* of 24K Gold sold online

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Paytm Becomes the Largest Online Retailer of 24K Pure Gold

Wishing to buy Gold, why not from Paytm this time?



Over 80000 Tollas* of 24K Gold sold online

· Registers 200% growth in Paytm Gold purchase, this Akshaya Tritiya
· Bangalore, NCR, Hyderabad, Mumbai & Kolkata registered highest sales

New Delhi, April 20, 2018: One97 Communications Limited, that owns the brand Paytm, which offers multi-source and multi-destination payment solutions, announced today that PaytmGold is now India’s largest online retailer of 24K, 999.9 purity Gold with over 1.5 mn customers & over 80000 tolas transacted on its platform. This Akshaya Tritiya, the platform grew by 200% compared to the last year. More than 1 lakh customers purchased over 2000 tolas of 24K, 999.9 Purity Paytm Gold online in one day. Bangalore, NCR, Hyderabad, Mumbai & Kolkata were the top 5 cities were maximum Gold sales were registered.

Over 60% of its customers are from non-Tier 1 towns & 63% of our customers are less than 30 years old. The platform foresees immense growth potential in this market, - pointing at an increasing trend of consumers choosing Paytm Gold as their preferred method for long-term savings owing to its simplicity & transparency.

Nitin Misra, Sr. Vice President - Paytm said, "I’m extremely proud that Paytm today is India’s largest retailer of fractional gold products. Paytm has truly democratized gold purchase in India with transparent pricing, a guarantee of purity, assured buyback, 100% insured lockers, live prices & most of all, no minimum price purchase. We will expand our product portfolio aggressively in the coming months that will bring wealth management to masses."

Paytm Gold helps customers conveniently & regularly save in real gold as per their budget & requirement, allowing them the flexibility to choose the frequency and amount of gold they want to save. They can easily keep track of all transactions using their Gold Passbook with the added convenience of no lock-in period. Customer's gold is in MMTC PAMP’s secure & 100% insured lockers, absolutely free of charge and they can get delivery of their Gold at any time.

*Tolla is a measure of gold, 1 Tolla is equivalent to 10 grams.

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