paytm doing fraud in terms of digital gold.

There is nothing mention on paytm site about charges other than..
Convienence fees of rs 10..
Or making charges if apply for coin delivery. .

So where is my 135 gone?

Now.. I decide to go consuner court…
By this 20th..
Bcoz waiting for thir mail reply

Is anyone other also face this issue?

I think I will buy thi gold @ 1% cashback..
And then sold it to same rate by paying rs 10 as convenience fees..

And I am get benefitted by this…

Same happens to me also…

Is there a way to verify gold rate on paytm is correct? Is it equal to market rate?

gotrajk wrote:

Is there a way to verify gold rate on paytm is correct? Is it equal to market rate?

No..
It is 1.05% extra on market rate ..
Which is tax amount

same thing happened with me, but in my thing my gold was few grams more. But rate was same still they gave me less amount by Rs.200/- + Rs.10/-.

Stay away from paytm digital gold scam, even price rises in future they will not give high price than for what u have purchased it will be always less than what u paid.

taujipanipat93 wrote:

There is nothing mention on paytm site about charges other than..
Convienence fees of rs 10..
Or making charges if apply for coin delivery. .

So where is my 135 gone?

They do charge making charge if u want physical gold.

That’s different charge ..

imo it would be better to import in gold etfs instead of whatever this paytm is offering

Same happened to me today I buy rupees 35000 gold but when I sell it 33125 only

samsungonnxt31052017233 wrote:

Same happened to me today I buy rupees 35000 gold but when I sell it 33125 only

+1.

I still didn’t understand.. why someone will purchase gold just to loose some money
If we buy gold at 2900 @ 1gm and if current price is 3100 we should be able to sell at 3100
but PAYTM does not allow to sell at 3100 and it offer less than 2900.
It is scam for sure…

samsungonnxt31052017233 wrote:

Same happened to me today I buy rupees 35000 gold but when I sell it 33125 only

What was the purpose of buying gold for 35k on paytm?

enapster wrote:

What was the purpose of buying gold for 35k on paytm?

he have expected the raise in gold price.

jsmart wrote:

he have expected the raise in gold price.

might have

enapster wrote:

What was the purpose of buying gold for 35k on paytm?

Carding

Tejaa wrote:

Carding

Cardigan suits during winters
During scorching heat 🔥 what’s the point (wallets chargeable)

taujipanipat93 wrote:

Now.. I decide to go consuner court…
By this 20th..
Bcoz waiting for thir mail reply

Any update on your consumer court case ?

samsungonnxt31052017233 wrote:

Same happened to me today I buy rupees 35000 gold but when I sell it 33125 only

I taught of buying gold close to 10k for the purpose of cash back.. Then my mind asked me are there any charges for a it back or do I get the same price.. Did some browsing and yes charges are there and If I am buying and selling at same time (assuming the gold value has not changed ) then I am deep loss.. Don’t fall for the purpose of cash back.. If your intention is to invest and book profit then should be fine. But I taught Paytm should have disclose the actual costs involved in selling somewhere in their website as TnC (infact in FAQ they have clearly mentioned the buy and sell prices will be different)

I taught of buying gold close to 10k for the purpose of cash back.. Then my mind asked me are there any charges for selling it back or do I get the same price.. Did some browsing and yes charges are there and If I am buying and selling at same time (assuming the gold value has not changed ) then I am deep loss.. Don’t fall for the purpose of cash back.. If your intention is to invest and book profit then should be fine wait for your price and sell. But I taught Paytm should have disclose the actual costs involved in selling somewhere in their website as TnC (infact in FAQ they have clearly mentioned the buy and sell prices will be different)

Tejaa wrote:

Any update on your consumer court case ?

Consumer court won’t help. Buying price will always be more than selling price for consumer. You should have read the terms and conditions properly. But This will be a big setback for Paytm. The money is being looted by MMTC Limited, not Paytm. It works similar to Bitcoin.

anand_bs wrote:

I taught of buying gold close to 10k for the purpose of cash back.. Then my mind asked me are there any charges for selling it back or do I get the same price.. Did some browsing and yes charges are there and If I am buying and selling at same time (assuming the gold value has not changed ) then I am deep loss.. Don’t fall for the purpose of cash back.. If your intention is to invest and book profit then should be fine wait for your price and sell. But I taught Paytm should have disclose the actual costs involved in selling somewhere in their website as TnC (infact in FAQ they have clearly mentioned the buy and sell prices will be different)

There is not profit in Gold trading. The price is going to stay around 3k/gm for a long time.

pikkuboss wrote:

There is not profit in Gold trading. The price is going to stay around 3k/gm for a long time.

Agree!

taujipanipat93 wrote:

Is anyone other also face this issue?

I think I will buy thi gold @1% cashback..
And then sold it to same rate by paying rs 10 as convenience fees..

And I am get benefitted by this…

Khali khud khayenge, khud karenge, khud ke bare me sochte ho, kabhi paytm ke bare me bhi soch liya karo ? Unko bhi kuch khane do

Detail me bolu ?

Jaise ki people who come to temple always request the God to take good care of them only…
does anyone ask the God how he is
feeling and how is his health… ?

No!

Selfishness! All humans has
become selfish.

You are also among them.
Cc: @cody @A2Zdeals

jsmart wrote:

he have expected the raise in gold price.

Gold ETFs are a safe option in that case.

taujipanipat93 wrote:

There is nothing mention on paytm site about charges other than..
Convienence fees of rs 10..
Or making charges if apply for coin delivery. .

So where is my 135 gone?

24k gold becomes 22k when you sell it or make gold coin with it.

Tejaa wrote:

Khali khud khayenge, khud karenge, khud ke bare me sochte ho, kabhi paytm ke bare me bhi soch liya karo ? Unko bhi kuch khane do

Detail me bolu ?

Jaise ki people who come to temple always request the God to take good care of them only…
does anyone ask the God how he is
feeling and how is his health… ?

No!

Selfishness! All humans has
become selfish.

You are also among them.
Cc: @cody @A2Zdeals

Businessman movie effect 😛

Its a complete fraud. Stay away from paytm gold. they played it very smartly here. Its for sure the price of gold is no going above ₹3200/grm. And this is what they are using. let’s say you buy gold @the rate 2978/grm. And when it comes to sale it coz you can se the price has gone up. And you hope to make some money but you cannot. Coz they charge 4.7% out of the value you are supposed to get

It is not good to buy and sell in paytm gold as you will be looted.Please stay away from paytm gold scam.I have very bad experience with the paytm gold scam.