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Save Gold. Effortlessly.

999 purity physical gold bought and stored at the MCX Exchange for 1% Commission.

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The estimated accumulation is based on the assumption that gold price appreciates 10% CAGR p.a.. Actual grams accumulated depend on actual gold prices.

Protect your savings from inflation & financial market risks

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Any time Withdrawal

You can withdraw the accumulated gold balance in your account, fully or partially, any time, even before the end of the plan period. There are many ways to withdraw your Gold: Buy Jewellery, Get Gold Bars, Convert to Sovereign Gold Bond, Move it to your own locker at MCX or Sell at MCX Exchange.

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Physical Gold

All payments are converted to 999 physical gold on the same day using MCX Exchange quoted price plus a fixed commission. The Gold bars are bought and stored at the MCX Exchange Warehouse in Ahmedabad with warehouse receipts and traceable serial numbers.

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Digital Payments

Every payment you make through the banking channel, is digitally tracked and instantly processed with a GST Bill.  You can join a monthly SIP / Chit (Subscription Plan). You can also add any amount any time using UPI Payment. 

How to start a Gold SIP?

  milliGOLD is a PWA App. Works on a mobile browser. No need to install from play store. Type https://app.milligold.in on your browser, login with OTP and go to Save Menu

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Step 1

Update Contact Details

You would have already logged in with your mobile number and OTP. Update your Name and Email ID in the Profile Section. (Icon on Top right corner in Home page)

Other profile details like Address, Pincode, Bank account details, Nominee details etc. are not compulsory to start the monthly plan. But to ensure the safety and security of your account, you need to complete these information at app.milligold.in profile settings within 1 month.

After updating your Name and Email ID go to Save Menu.

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Step 2

Select Amount and Duration

In the Create Subscription Section, Select an amount that can be automatically debited from your bank account at the beginning of the month. (Rs 1000 PM to Rs 40,000 PM). 

The duration you choose will determine the expiry date of your e-Mandate, after which, if you want to continue saving gold, you have to renew the e-Mandate once again. There is no link between e-Mandate duration and withdrawal. You can withdraw your Gold any time, even when your e-Mandate period is not over.

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Step 3

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Authorize e-Mandate online (ECS/SIP)

e-Mandate is an online process managed by NPCI in partnership with all major banks and payment gateways. e-Mandate authorizes your bank to debit your account automatically every month, for a given amount, on a preferred date (Example 5th, 10th etc). You can cancel the e-Mandate  or change the monthly amount and duration any time. After you have created your monthly plan, you can find the eMandate Authorization link in the Manage Tab of the Subscription Section in Save Menu. You can also set up a live call / video call / live chat with our customer service team to guide you through the e-Mandate setting up process.

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Our top 12 Features.

Our top 12 Features.

1.

Gst bill for each payment

2.

100% converted to 999 gold on same day

3.

Home delivery of Coins & Bars

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Jewel Chit

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Digital Gold

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Gold ETF

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milliGOLD

11.

Exchange Quoted Price & Fixed Trade Margin

12.

No discount at the time of selling

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Jewel Chit

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Digital Gold

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Gold ETF

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milliGOLD

4.

No 11 month limit (3 months to 30 years)

5.

Sell any day. Settled within 2 days

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Jewel Chit

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Digital Gold

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Gold ETF

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milliGOLD

6.

100% Auditable storage at MCX Exchange Warehouse

7.

Option to have a locker in your own name

8.

Warehouse receipts and Traceable Serial Nos

9.

Buy Jewellery in any shop of your choice

10.

Convert to RBI Gold Bond on next issue

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Jewel Chit

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Digital Gold

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Gold ETF

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milliGOLD

Jewel Chit

Gold ETF

Digital Gold

milliGOLD

Secure

GST bill for each payment

100% converted to 999 gold on same day

No 11 month limit (3 months to 30 years)

100% Auditable storage at MCX Exchange Warehouse

Option to have a locker in your own name 

Warehouse receipts and Traceable Serial Numbers

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No

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No

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No

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No

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No

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No

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No

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No

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No

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No

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Transparent

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No

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No

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Yes

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No

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5 Redemption Options

Buy Jewellery in any shop of your choice

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X

No

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No

Yes

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No

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No additional discount at the time of selling

Exchange Quoted Price & 1% Commission

Home delivery of Coins & Bars

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No

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Yes

Move to MCX Locker in your own name

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No

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Sell any day. Settled to your bank account.

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No

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Yes

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Convert to RBI Gold Bond (Every issue or Every Year)

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No

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No

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No

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Yes

Top 12 features

Simple, transparent Pricing & Charges.

Buy

+7.0 paisa / mg

MCX Prev. Trading Day Closing Price + 1% milliGOLD Trade Margin

Redeem

-7.0 paisa / mg

MCX Prev. Trading Day Closing Price - 1% milliGOLD Trade Margin. 

Applicable for bank settlements and conversion to RBI Gold Bond

Bank Payment Processing & GST

2.0 paisa / mg

For e-Mandate and UPI

3% GST

As per Government Rules

Home Delivery of Coins/Bars

2% (Min Rs 500)

To cover the logistics

Settlement to Jewellery Shop

1% 

Our customer service team will coordinate with you over live chat.

Rented Locker in your own name

1% fee to move +
Rs 36.5 per gram per year

Only gold bought through milliGOLD / MCX can be stored.

Pricing & Charges
Redeem gold

Frequently Asked Questions.

  • 1. Why Save Gold?
    Gold outperforms all guaranteed / low risk products, including PF, NPS, Insurance, Govt bonds, Post Office Schemes and Index Funds over the long term. Because, when the economy and markets are doing well, people buy more jewellery appreciating its price. But people don't sell their Gold for ordinary expenses or book profits because the price has appreciated. Even in difficult times, they pledge it and pay interest and thus holding the price. Gold as a physical asset, is free from financial market risks. Provides security. Protects our savings from eroding value of money. And you can sell it anytime giving instant liquidity. Gold also protects our savings from our own spending habits. Because we won't touch gold for ordinary expenses. The accumulated gold can be used to buy Jewellery, fund college education, invest in property or use it for pension (Systematic Withdrawal Plan) post retirement. The graph below shows the performance of Gold from 2000 to 2020 compared to PF and NIFTY50 Equity Index. Rs 10,000 invested in Gold in the year 2000, appreciated to Rs 120,000 in 2020. PF with compound interest appreciated only to Rs 60,000. NIFTY50 Equity Index grew from 1500 to 24000 between 2000 to 2024, whereas Gold grew from Rs 430 per gram to Rs 7200 per gram during the same period.
  • 2. Gold ETF funds also invest in Gold right?
    Yes but they invest only 50% of funds in Physical Gold and the balance in financial derivatives. They are quoted in mutual fund units (not Gold grams) with NAV. There is no legal right of possession for the Gold, as you don't own the gold, only the mutual fund units. So Gold ETFs are not as secure and safe as Physical Gold coins and bars stored in your own locker.
  • 3. Why is milliGOLD the Safest, Simplest and Cheapest Gold Saving Product?
    Safest because, we buy and store the Gold in a SEBI approved MCX exchange locker. Simplest because, you can save through single click UPI payment or monthly SIP through ECS/ eMandates. You can also set up a % of your monthly SIP to be automatically invested in RBI Sovereign Gold Bond. Cheapest because, we use the MCX exchange price, have zero buy-sell spread, zero making charge, zero wastage and a transparent commission of 1%.
  • 4. Can I use the accumulated Gold balance to buy Jewellery in any shop of my choice?
    Yes. When you make the redemption request in the app, choose "Direct Settlement at Jewellery Shop" option. The transfer of money (for the grams redeemed) will be timed to happen while you are at the Jewellery shop of your choice. You have to inform us 1 or 2 working days in advance. Our customer service officer will coordinate with you over live chat. You could authorise settlement to the Jewellery shop's QR Code / Bank Account or to your own bank account, after which you can use your debit card to pay. We will soon be launching a Rupay Card that can be used only in Jewellery shops.
  • 5. How can I set up a monthly SIP for RBI Sovereign Gold Bond?
    Detailed step by step instructions are available here:
FAQ
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RSR, CEO

30+ Years in Management & 15+ Years in Strategic Consulting, across a wide variety of domains and products.

Our Team.

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Deepak, CTO

18 Years in the IT industry with extensive experience in large scale systems like Insurance, e-governance & manufacturing.

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Rohini, Advisor

15 Years in the Banking industry, specializing in Anti-Money-Laundering, e-KYC, Compliance, Control and Risk.

Our Blog.

Get in touch.

Address

321A, 11th Street, Kuberan Nagar Extension, Madipakkam, 
Chennai - 600 091.

I don't want to share my contact details. But I still want to meet a real human to understand more about milliGOLD

We are the only financial services company to offer this, because we trust you to come back when you are ready.

Thank you. Your meeting request has been recorded. If either of us get delayed in joining the meeting link on the scheduled date and time, we both agree to wait for 10 minutes before leaving.

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