SafeGold – Digital Gold App

This application allows users to buy digital gold at live market prices, 24/7. Users can start their gold savings with as little as ₹10 and track their holdings in exact grams and real-time value. Every purchase of digital gold is backed by 24K 99.99% pure physical gold, stored in Brink’s vaults and overseen by Vistra. This means that users own real gold in their name, which is fully insured and securely held.

Users can also build disciplined savings with a daily, weekly, or monthly Gold SIP (Systematic Investment Plan). There is no lock-in period and users can modify their SIP anytime. Additionally, users can get a 1% price discount on UPI SIPs. They can also put their idle gold to work by leasing it to pre-vetted jewellers. This allows their gold to earn additional gold grams monthly, with the yield credited on the 1st of every month. The principal gold is returned at the end of the tenure.

Users can sell their gold anytime at live sell prices directly from the app. The funds will be credited to their verified bank account and the buy-sell pricing is transparent. They can also convert their digital gold into physical gold coins or bars, with denominations starting from 0.1g. The shipping is fully insured and supported by real-time tracking. The gold is also assay certified for 24K purity.

One unique feature of this app is the ability to redeem gold savings into jewellery through online and offline stores of Tanishq and CaratLane. This allows users to not only save in gold, but also use it to purchase jewellery. The app also prioritizes gold safety, with secure storage in Brink’s vaults that are independently verified daily. The storage is also fully insured for added security.