Bangalore, 10 February 2023: MMTC-PAMP, India’s only London Bullion Market Association (LBMA) Good Delivery gold and silver refinery, has launched Digital Silver, a cutting-edge asset class that provides a secure, fast, and convenient alternative to traditional silver investments. This digital asset provides all the benefits of silver, with added benefits of transparency, 24/7 accessibility, assured purity, and a low entry point to silver investments, with no making charges involved.
While investing in digital silver with MMTC-PAMP, India’s leader in the precious metals ecosystem, investors are purchasing 999.9+, the purest silver that is fully secured and insured. Physical silver with 999.9+ purity, equivalent to the amount of digital silver purchased by the investor, is stored in certified bank-grade vaults, and audited by a third-party universal trustee. Best of all, digital silver can be purchased for as low as Re 1, enabling us to open up the market for micro-investors by lowering the entry point to silver investments. Investors have the choice of retaining the purchase within MMTC-PAMP’s secure digital vault or redeeming it later from an extensive range of exquisitely crafted 999.9+, purest silver coins and bars, which are delivered to their doorstep, directly. Moreover, digital silver is more economical due to the absence of making charges that are involved in the traditional way to purchase silver.
Speaking on the launch, Vikas Singh, MD, MMTC-PAMP said, “Being the most trusted leader in Digital Gold, we want to make sure we are continually improving our products to offer the best customer experience. With this launch of our next-gen app, we have created a whole new, innovative user experience for our existing Digital Gold and silver proposition. We are democratizing the way Indians buy Gold & Silver, breaking down barriers, and empowering all. Our Digital Multi-Metals platform enables investment for everyone, with the ability to buy the purest precious metals with any amount. With our platform, investors can buy digital gold and later redeem it for silver coins, and vice-versa”
“We have created a state-of-the-art UI/UX, ensuring that our customers have the best possible experience when transacting with these precious metals,” said Amul Kumar Saha, Chief Digital Officer, MMTC-PAMP. “Consumer preferences are clearly visible towards this convenient and safe way to purchase gold. Since the launch of the new app, daily transactions for digital gold have more than doubled, and we have also observed significant improvements across our consumer engagement metrics. We are excited to have launched Digital Silver, enabling easier access to the consumers to engage with this precious metal that is seeing a surge in demand across multiple industries,” he added.
The increasing demand for silver in various industries such as electronics and medical equipment is driving up prices and making it a valuable investment opportunity. Moreover, Silver is a proven hedge against inflation, which makes it an attractive investment option during times of economic uncertainty. This precious metal is a critical component in many sustainable technologies, such as solar panels and electric vehicles. As the world moves towards a greener future, silver is likely to become even more valuable.
Safe and secure, it eliminates the need for physical storage and is convenient. With MMTC-PAMP, one can easily buy and sell 999.9+ purest silver, from the comforts of their home, with the click of a button. Highly liquid with multiple entry and exit points, this offering by MMTC-PAMP can be used to build a silver corpus over time.
The launch of MMTC-PAMP’s Digital Silver represents a major milestone in the digitization of traditional assets and will provide a new level of accessibility and convenience for both individual and institutional investors. Digital Silver will provide investors with a new, innovative asset to add to their portfolios. We invite all investors and traders to explore this exciting new opportunity.