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Motilal Oswal Financial Services (MOSL) has introduced ‘Me-Gold’, a digital form of gold trading for individuals.
It has done so in partnership with MMTC-Pamp, the country’s only gold refiner which is approved by the London Bullion Market Association. There will be an option for physical delivery. Last year, Paytm, a digital wallet and now a payments bank, had introduced gold coins in partnership with MMTC-Pamp.
Me-gold facilitates trading in gold in rupee and grammage denominations, at a price determined by the global markets. Customers can buy and sell gold through a mobile application. “Our 900,000 current clients can instantly start buying quality
