5 FinTechs making Digital Gold the Wealth-Saving tool in India

By Gloria Mathias

World Savings Day reminds us of the critical role that savings play in our lives. From safeguarding against uncertainties to enabling future investments, disciplined saving is a cornerstone of financial well-being. In India, however, saving isn’t limited to cash or deposits; gold holds a special place in the nation’s heart and economy, especially during festivals like Diwali and Laxmi Puja. With its historical value appreciation and cultural significance, gold has been a favoured asset, symbolising prosperity and financial security across generations.

The tradition of buying gold during auspicious occasions reflects this sentiment. For centuries, families have invested in gold as a hedge against inflation and currency fluctuations. It’s no wonder that Indians continue to view gold as a trusted asset, with many seeing it as an essential part of their wealth-building strategy. Now, with digital innovations, owning gold is no longer limited to physical forms. Digital gold offers the flexibility of investing in smaller amounts, eliminating storage concerns while preserving the asset’s core value. This modern approach not only aligns with the tradition of buying gold but also caters to the convenience and safety of digital transactions.

So, as we celebrate World Savings Day, let’s acknowledge how digital platforms are helping us save smarter, budget better, and invest with more insight. And for those seeking to blend tradition with modernity, digital gold offers a perfect way to honour age-old practices while embracing the future.

Below listed are 5 digital gold-saving platforms in India: 

• Digital Sonar

Digital Sonar is a Gold Savings App that lets you invest your savings into 24K 99.9% Pure Gold. Sonar provides an easy, simple, and fastest way to turn your savings into gold. You can save money & grow your savings into 24K 99.9% pure gold; buy & sell digital gold at the best gold rate, starting from Rs. 10. With the help of Sonar, you can easily convert your digital gold into physical gold at the lowest making charges and get it delivered at your doorstep.

• MILLI GOLD INDIA

MilliGOLD is a gold savings platform in India that allows users to save in 999-purity gold, stored securely on the SEBI-approved MCX exchange. It enables users to accumulate gold in grams with the flexibility to redeem it at any jewellery shop, offering a convenient alternative to traditional jewellery savings schemes. With a subscription model, users can set up monthly savings, and the platform supports digital transfers, purchases, and bulk investments, with options to sell or withdraw gold as needed.

• Plus Gold

Plus Gold, India’s first jewellery savings app, offers various gold schemes to cater to the diverse needs of gold investors and buyers with varying budgets. These schemes work on the principle of accumulating gold gradually, making them accessible to all seeking to invest in gold. PlusGold allows investors to choose from different schemes, such as the golden bonanza scheme, wedding saving scheme, anniversary gift scheme, gold monthly scheme, and many other gold savings schemes, each tailored to suit their preferences and financial goals.

• PayNav

PayNav is one of the most preferred ways to earn gold back or save digital gold on every purchase. Earn 24k digital gold with PayNav through its prepaid card shopping online or offline, regular shopping with 500+ everyday brands, or buying vouchers for top retailers. PayNav helps you save your spare change or plan to buy major goals like a mobile phone, vacation, jewellery or education.

• SafeGold

SafeGold is a digital platform that allows customers to buy, sell, and receive vaulted gold at low ticket sizes around the clock with the tap of a button. It is a homegrown platform, accelerating the digital gold ecosystem in India. SafeGold empowers Indians with access to a simple, convenient, & secure way to invest in gold, with an amount as low as Rs 10/-. They have 50+ partners globally, 33+ million customers, and have completed over 50 million transactions. With SafeGold, you can store 24K physical gold online in the Digital Vault with trusteeship.