Google Pay will soon let users buy and sell gold via its app. It partnered with MMTC-PAMP India to allow users of the app to buy 99.99% pure gold.
MMTC is the Indian government public sector trading enterprise whereas PAMP is the Swiss company and bullion brand. This is how the service will function: MMTC-PAMP will store the gold in secure vaults on behalf of users, who will be able to sell it anytime at the price displayed in the app.
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