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Akshaya Tritiya is a yearly festival that signifies the arrival of the spring. People buy gold on the occasion.  However, this year buying gold on occasion of Akshaya Tritiya 2020 is not the usual affair due to the country-wide lockdown amid coronavirus pandemic. However, if you are planning to buy gold, you can do it online. Several banks including the State Bank of India (​SBI), HFDC Bank, ICICI Bank are offering gold online. One can buy gold online in various forms. These forms include gold exchange-traded funds (ETFs), Sovereign Gold Bonds (SGBs). The price of gold in India has shot up over the last few months. On Friday, Gold futures were up 0.17% or Rs 78 to Rs 46,505 per 10 grams on Friday.

"Our branches will be closed on Sunday, 26th April. However, you can choose to buy gold on Akshaya Tritiya via our online service," HDFC said in a message.

*E-Gold is offered by SafeGold - a product of Digital Gold India Private Limited - and is a third party product. HDFC Bank is acting as a payment gateway in facilitating these transactions.

"Happy Akshaya Tritiya! Stay home, stay safe & order 24ct 999.9/999 pure Gold Coins online. Available in different deities & denominations," Muthoot said in a tweet.

Gold Exchange Traded Funds (ETFs) is one of these new-age ways of buying yellow metal

Gold ETFs can be in either dematerialised or paper form and are traded on the stock exchange just like regular funds. Gold ETFs offer several advantages that make it an excellent investment opportunity when compared to jewellery or physical gold.

Gold ETFs are purchased and sold at the same rate across India, giving them an edge over jewellery. There is complete transparency in prices, and these funds can be traded at any time through a broker. The trading activity is closely monitored by the Securities Exchange Board of India (SEBI).

Here’s how to buy gold via Paytm and PhonePe:

How to buy gold via Paytm:

• Login to Paytm and create an account
• Click on the gold icon on Paytm
• You would need to choose between two gold seller -- Augmount selling 24K 99.9 per cent gold or MMTC-PAMP selling 24K 99.99 per cent gold
• After selecting a seller, enter the amount you want to purchase gold in Rupees or grams.
• Following this, you would need to make the payment and you will be able to complete your gold purchase

• Download the PhonePe app and create and account
• Click on My Money
• Click on the gold icon under investment
• You would need to choose between two gold seller -- Safegold OR MMTC-PAMP
• Enter the amount you want to purchase gold in Rupees or grams.
• Following this, click on proceed to payment to compete your gold purchase

Here are banks offering gold online:

E-Gold* by HDFC ​Bank and SafeGold

E-Gold a form of Digital Gold is now offered by SafeGold on the HDFC Bank NetBanking platform

E-Gold* on NetBanking allows you to invest in gold online. You can buy gold digitally and store in your gold wallet powered by SafeGold.

Login to NetBanking > Click on BillPay & Recharge > Invest > Gold

In case you require any further information, you may call 888 1000 800.

SBI Bank Revamped Gold Deposit Scheme (R-GDS)

• Short Term Bank Deposit (STBD) : Tenure 1 to 3 years
• Medium Term Government Deposit (MTGD) : Tenure: 5-7 years .

  The deposit will be accepted by the Bank on behalf of the Central Government.

• Long Term Government Deposit (LTGD) Tenure 12-15 years.
  The deposit will be accepted by the Bank on behalf of the Central Government.
  (Deposites can be accepted for broken period aslo)
• Deposit Quantity Minimum : 30 gms (gross)
• Deposit Quantity Maximum: No Limit
• STBD
  The current interest rates are as under :
  For 1 year : 0.50% p.a.
  Above 1 year up to 2 years : 0.55% p.a.
  Above 2 years up to 3 years : 0.60% p.a.

ICICI Bank: Dream Gold Plan