Google Pay Gold Locker – Benefits, How to Buy, Sell, Gift Gold

google pay | google pay app | Google Pay Gold Locker kya hai | Benefits of buying gold in Google Pay | Google Pay Gold Locker Fees

Are you looking for the benefits of Google Pay Gold Locker? Then, you have come to the right place. In this post, we are gonna discuss about what is google pay gold locker – its benefits, safety, how to use gold locker in google pay  charges, gold buying-selling process, and all the other issues related to Google Pay Gold Locker. 

What is Google Pay Gold Locker?

• Google Pay’s Gold Locker is a virtual locker in which the amount of gold bought by a user using the platform of Google Pay is stored. In simple it is basically a digital gold locker like Jar and Paytm Gold. The Gold Locker facility of Google Pay can be accessed through the Google Pay application.
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Gold Locker Google Pay Benefits

1. With the Google Play application, you can easily buy and sell 24K Gold.
2. The Gold you buy through this app is securely deposited in your Gold Locker on Google Pay, or delivered as gold coins to your home if you want.
3. You can even earn gold as Google Pay rewards.
4. You can gift gold to other Google Pay users. 
5. You can buy and sell gold anytime, from anywhere you want. The minimum amount to be invested in this case is Rs. 1.

How to buy Gold from the Google Pay application?

• Step 1: – Click on ‘Gold Locker’ in Google Pay Dashboard.
• Step 2: – Then Click on the ‘Buy Gold’ option.
• Step 3: – Now enter the money value of the Gold you want to buy.
• Step 4: – Now complete the payment.
• Step 5: – Once you complete the payment, your gold will be deposited in your gold locker. You can check the updated amount of gold in the Gold locker.

How to Sell Gold from the Google Pay application?

• Step 1: – Click on ‘Gold Locker’ in Google Pay Dashboard.
• Step 2: – Then Click on the ‘Sell’ option.
• Step 3: – Now enter the money value of the Gold you want to Sell.
• Step 4: – Now complete the transaction.
• Step 5: – Once you complete the transaction, your gold will be deducted from your gold locker. You can check the updated balance after selling gold in your linked bank account.
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• Things to be kept in Mind

  • Your Gold Locker is linked to your SIM and phone number. If you change your SIM or phone number, we may need to verify your identity to restore access to your account.
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Google Pay Gold Locker Delivery

• You can convert your digitally stored gold in Google Pay gold locker to Physical gold anytime and get it delivered to your selected address. 

How to get Google Pay Gold delivered

• • Step 1: – Open ”Gold Locker” Google Pay application.
  • Step 2: – Tap on “Delivery”.
  • Step 3: – Enter the PIN code for your delivery address, then tap Next.
  • Step 4: – Choose in which form you want your gold to get delivered – Gold Coin or Gold Bar and tap ”Add to cart”.(To add more gold, tap Add. To reduce the amount of gold selected, tap Remove).
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  • Step 5: – Tap “Check out”.
  • Step 6: – Enter your delivery address information, then tap “Deliver to this address”.
    Step 7: – Review your delivery order. (To fix any incorrect information, tap Back).
  • Step 8: – To confirm your order, tap “Pay”.
  • Step 9: – Choose a payment method, then tap “Proceed to pay”.

Google Pay Gold Locker Gift

• You can gift your digitally stored gold in Google Pay gold locker to any other Google Pay user. 

How to Gift Google Pay Gold

• • Step 1: – Open “Gold Locker” in Google Pay.
  • Step 2: -On the bottom, tap ”Gift”.
  • Step 3: -Select a recipient.
  • Step 4: -Enter the value amount of gold to send. (You can only send as much as you have in your Gold Locker.)
  • Step 5: -To confirm, tap ”Done”.
  • Step 6: -Tap ‘‘Send Gift’‘.

Google Pay Gold Locker Limit

• There’s no overall limit on the total worth of gold a user can buy through google pay. However, there’s a daily.
• Google Pay Gold Locker limit per day is ₹50,000. This means that you can buy gold worth ₹50,000 in one day.
• The minimum purchase amount is ₹1 of gold. However, GAP accounts that total over ₹49,999 must follow Know Your Customer (KYC) norms before more purchases are allowed.

Google Pay Gold Locker Charges

• There are no charges in Google Pay Gold Locker. The price of Gold shown is including tax.
• However, you need to pay charges to get your gold delivered physically.

Google Pay Gold Locker Price

• The price of gold in Google Pay Gold Locker varies from time to time, in sync with Gold’s price in the market. 
• As the price of gold varies from state to state in India, you need to give your location access to google to give you the correct gold price as per your current location. 
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Google Pay Gold Locker Eligibility

• Gold Locker is in the Google Pay application is an inbuilt facility. Hence, anybody who has a verified Google Pay account can buy, sell, store, gift gold through Google Pay Gold Locker. 
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Google Pay Gold Locker Safety

• How safe is Gold Locker in Google Pay?

  • Gold bought through Google Pay is stored in a Gold Accumulation Plan (GAP) that MMTC-PAMP maintains for you by storing your gold in the physical form as a custodian as long as you own the gold. Gold purchases through MMTC-PAMP are 100% insured, ensuring your gold’s security.
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Google Pay Gold Locker Customer Care Number

• For any kind of help, a user may reach Google Pay by dialing this number. 

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