Question 1

What is the minimum amount which I can invest in a gold SIP?

Accepted Answer

Start a gold SIP with an amount of your choice on myGold. It allows you to start from a minimum amount of as little as Rs 10 a day.

Question 2

For how long do I need to invest?

Accepted Answer

myGold offers complete flexibility in choosing your SIP plan's frequency and tenure. You can choose from daily, weekly and monthly SIPs which you can continue as long as you want.

Question 3

How many gold SIPs can an individual start on myGold?

Accepted Answer

There is no limit. You are free to choose the amount as well as the number of gold SIPs you like to start with myGold.

Question 4

How does the gold SIP + Lease help me increase my wealth?

Accepted Answer

A regular amount is invested every day, week or month in a gold SIP. An equivalent amount of 24kt gold is added to your safe vault at MMTC-PAMP (a government undertaking). The total of this annual amount receives an extra up to 5% per annum* increase in gold weight, irrespective of the gold price. Thus, on the amount you invest, you earn a guaranteed increase in gold weight.

Question 5

Are there any risks involved with a gold SIP?

Accepted Answer

Gold SIP investments carry lower risk compared to other gold investment options. With myGold's SIP + Lease plan, on the gold you accumulate you earn rental in gold weight up to 5% per annum*. While gold prices may fluctuate due to market forces, your gold weight continues to grow steadily with myGold.

Question 6

How can I redeem my gold SIP?

Accepted Answer

You get the option to redeem your gold SIP  either as bank transfer or in the form of physical gold like coins and jewellery.

Question 7

How can I check the status of my SIP?

Accepted Answer

The status of your SIP is always visible on the myGold app. You can access it from anywhere and at any time.

Question 8

How do I make the payment?

Accepted Answer

myGold gives you an option to automate your investments by creating an UPI mandate from UPI apps like PayTm, PhonePe and Google Pay and the amount will be auto-deducted from your bank account, giving you a hassle-free experience.

Gold Savings Plan - Smart, Secure & Flexible Investment. Invest as Low as ₹10/Day!

myGold Turns Saving Into Joy

Flexible Investments

Hassle-Free UPI Autopay

Withdraw Anytime

Start Small. Stay Consistent. Watch It Multiply.
Plan your gold SIP journey today

Don't Just Invest—Make It Grow

Earn up to 16% p.a. with myGold Gold on Gold Plan

Perfect for
Goal-Based Savings

Frequently Asked Questions (FAQs)

What is the minimum amount which I can invest in a gold SIP?

For how long do I need to invest?

How many gold SIPs can an individual start on myGold?

How does the gold SIP + Lease help me increase my wealth?

Are there any risks involved with a gold SIP?

How can I redeem my gold SIP?

How can I check the status of my SIP?

How do I make the payment?

Start Your Smart Gold Journey Today

Gold Savings Plan - Smart, Secure & Flexible Investment. Invest as Low as ₹10/Day!

myGold Turns Saving Into Joy

Flexible Investments

Hassle-Free UPI Autopay

Withdraw Anytime

Start Small. Stay Consistent. Watch It Multiply. Plan your gold SIP journey today

Don't Just Invest—Make It Grow

Earn up to 16% p.a. with myGold Gold on Gold Plan

Perfect for Goal-Based Savings

Frequently Asked Questions (FAQs)

What is the minimum amount which I can invest in a gold SIP?

For how long do I need to invest?

How many gold SIPs can an individual start on myGold?

How does the gold SIP + Lease help me increase my wealth?

Are there any risks involved with a gold SIP?

How can I redeem my gold SIP?

How can I check the status of my SIP?

How do I make the payment?

Start Your Smart Gold Journey Today

Start Small. Stay Consistent. Watch It Multiply.
Plan your gold SIP journey today

Perfect for
Goal-Based Savings