How do Customers can sell gold?

The retailer will have to enter details regarding-*Weight (in gm), *amount as per today’s rate, *Add Bank Account, If the customer’s bank is IMPS supported then the customer can perform a sell transaction. However, if the customer’s bank is NEFT supported then he will have to present a passbook/Cheque book copy. Post this, the NBT operations team will verify all details and once that’s done the customer can proceed further for initiating the sell transaction. TAT is 48 hrs.

What do we mean by the current gold buy rate? 

The current gold buy rate indicates the current spot price for gold. The spot price is always changing and live gold quoted depicts this movement and keeps investors updated on price changes.

Will I receive an invoice for transactions?

PayNearby will provide an invoice for each transaction booked to the customers to their e-mail addresses as provided while onboarding a customer. Invoices can be viewed on the platform.

How do I sell my gold?

Through the PayNearby platform, customers shall be provided a selling price. Customers can choose to sell any amount starting with a minimum of Rs. 100.00 to a maximum of the amount of gold they own.

The selling price may be temporarily unavailable in the unlikely event of a disruption in the bullion market.

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