API Reference

Introduction

Overview

Digital gold and silver refers to a form of investment where individuals can buy, sell, and hold gold and silver in a digital format. Instead of physically owning and storing the precious metals, investors can access them through online platforms or mobile applications. Customers can store the gold & silver in MMTC- PAMP’s secure vaults. MMTC - PAMP is India's leader in the digital gold & silver market.
Investors can monitor the real-time market prices of gold and silver, track their investments, and sell their holdings when desired. Digital gold and silver investments are often considered a hedge against inflation and a diversification strategy for portfolios.

Goals

  1. Customers can buy the digital gold & silver of a fixed value or weight at live market rates.
  2. Customers can sell the digital gold & silver at any point of time.
  3. Digital Gold Provider to offer 999.9 (24K) pure gold.
  4. Digital gold and silver can serve as a hedge against inflation and a diversification strategy for portfolios.
  5. Users can request a doorstep delivery of their gold in the form of coins or bullion.
  6. Customers can accumulate gold without worrying about safe keeping of the metal.
  7. Digital gold and silver offer a user-friendly, secure, and efficient way for individuals to invest in these precious metals, providing them with the benefits of ownership without the challenges of physical possession.

Specifications

MMTC-PAMP offers the purest digital gold and silver coins and ingots. MMTC offers to buy gold and silver of a fixed value or weight at live market rates. MMTC also offers doorstep delivery service of gold and silver to customers. Customers can buy and sell digital gold & silver on a single platform. Gold and Silver APIs allow apps and platforms to fully integrate with real-time gold pricing, transactions, and reporting.

Step Involved

  1. The customer would register himself on the platform and share all required information.
  2. He can then enter the amount he wishes to invest in gold and enter the PIN to perform the transaction.
  3. Customers generate the Buy or Sell quotation.
  4. Customers validate the quotation & execute the payment.
  5. The gold will be issued digitally to the customer and he does not even has to worry about safekeeping it anywhere
  6. Customer
  7. He can also sell back to MMTC-PAMP through an open sale back window at the rate displayed on the platform. This money will get credited into your platform account.

Process Flow