How to Sell Gold on PhonePe?

PhonePe is a Unified Payment Interface (UPI) app that is used to transfer money from one bank account to another using a UPI ID, mobile number, or bank detail. You will be able to perform UPI transactions using your bank account that is linked to PhonePe.

PhonePe added a new section two years ago where users can buy and sell gold through the app. PhonePe has collaborated with MMC PAMP India Pvt. India for allowing users to buy and sell 24k gold.

Check - How to Purchase Gold on Google Pay?

How to Purchase Gold on PhonePe?

The following are the steps to purchase gold on PhonePe:

  1. Open the PhonePe app.
  2. Scroll down and click on the 'Wealth' section.
  3. Go to the 'Investment Ideas' and click on the 'Gold' icon.
  4. Choose your preferred gold coin based on your budget.
  5. You will be redirected to a new page where you find the details of that particular gold coin.
  6. Next, click on the 'Buy Now' button.
  7. Enter all your details to place an order, like your name, address, and phone number.
  8. Next, click on 'Confirm Address'.
  9. Click on 'Proceed to Pay' to complete the payment process.

Check - Today's Gold rate in India

Sell gold on phonepe

How to Sell Gold on PhonePe?

The following are the steps to sell gold on PhonePe:

  1. Open the PhonePe app.
  2. Scroll down and click on the 'Wealth' section.
  3. Go to the 'Investment Ideas' and click on the 'Gold' icon.
  4. Click on 'View Locker'.
  5. Next, choose the gold provider from whom you have bought the gold and tap on 'Sell'.
  6. Once you get the pop-up message, click on 'Confirm' to sell your gold coin.

Read More on Gold

FAQs on How to Sell Gold on PhonePe?

  • Can I purchase physical gold coins on PhonePe?

    Yes. You can purchase physical gold coins on PhonePe.

  • Why is the gold price high in PhonePe?

    PhonePe sells the purest form of gold which is why the price is relatively high as compared to the storebought gold.

  • Is it safe to buy a gold coin from PhonePe?

    Yes. It is completely safe to buy a gold coin from PhonePe.

  • Is digital gold safe?

    Yes. Digital gold is safe and risk-free.

  • Can I cancel the gold order in PhonePe?

    No. You cannot cancel a gold order in PhonePe.

  • How can I check my PhonePe gold balance?

    You can check your PhonePe gold balance in the 'View Locker' section.

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