Gold Prices Volatile: Small Investors Flock to Paytm Gold
Gold prices have been volatile in recent weeks, swinging sharply from one week to another. This has led some retail investors to consider smaller, staggered purchases through digital platforms such as Paytm Gold rather than betting on a single large buy.
The current price of 24-karat gold is around Rs 1.43 lakh per 10 grams in the domestic market, which is roughly 20 per cent below its all-time high of about Rs 1.78 lakh per 10 grams touched on January 29 this year.
Most forecasters have trimmed their targets for gold but remain broadly constructive on it over the medium term, citing steady central bank buying and persistent global uncertainty.
Paytm Gold allows customers to buy digital gold at live market prices, with investments starting from as little as Rs 51. It also offers Daily Gold SIPs for automatic, recurring purchases.