Google Pay now lets users buy gold from its app

To make Google Pay more useful for Indian users, people will now be able to buy gold using the app. Google announced its partnership on Thursday with MMTC-PAMP India, which is an internationally recognised metal and mining service provider that will allow users to buy and sell gold using the application.

The company said in a statement, "Google Pay users would be able to buy 99.99 per cent 24 karat gold after this partnership with India's only LBMA accredited gold refinery".

Using this, Google Pay users will be able to buy gold for any value stored in the secure vaults on their behalf by MMTC-PAMP. With this, users will be able to buy and sell gold at any time, displayed at the Google Pay app, which gets refreshed every few minutes.

Ambarish Kenghe, Director-Product-Management, Google Pay, India said, "Gold is core to Indian culture and tradition, making India the world's second largest consumer of gold. Keeping this in mind, we introduced gold buying and selling feature on Google Pay for millions of Indians who can buy gold whenever and from wherever, right from their mobile phones".