Is Gold purchase on PhonePe safe?

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    • <p>I was quite impressed by the concept of Phonepe's digital gold. I just want to have an overview of how it works. Is it safe to invest in PhonePe's Gold services.</p>

    • <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">It's a fucking bad decision ..</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">Let me tell u my story with phonepe gold</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">At beginning I just purchased 1 rs gold (for timepass)</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">Later I purchased 50 rs gold just to check how do they calculate gold sell price</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">Then when I tried to sell gold it was about 46.54 rs</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">I know about 3% gst on buying and selling gold that sums up to 6%</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">But listen heres the catch</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">Even of you calculate 6% on 51 rs it's 3.06 rs that means the gold which u buyed at rs 51 rs will be sold in 47.94 rs .</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">But but phonepe will show u the selling price of 46.54 rs (1.39 rs ) difference and there's one more thing.</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">Even if you tried to buy that 46.54 rs gold it will not allow showing some reason like max amount blah blah blah…</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">And you have to sell that gold now in 46.53rs (again 0.01 difference)</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">So you can say 1.40 rs goes to Phonepe even after saying they don't charge any amount :(</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">I can say only one thing it's a total SCAM</p>

    • <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">It's a fucking bad decision ..</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">Let me tell u my story with phonepe gold</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">At beginning I just purchased 1 rs gold (for timepass)</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">Later I purchased 50 rs gold just to check how do they calculate gold sell price</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">Then when I tried to sell gold it was about 46.54 rs</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">I know about 3% gst on buying and selling gold that sums up to 6%</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">But listen heres the catch</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">Even of you calculate 6% on 51 rs it's 3.06 rs that means the gold which u buyed at rs 51 rs will be sold in 47.94 rs .</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">But but phonepe will show u the selling price of 46.54 rs (1.39 rs ) difference and there's one more thing.</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">Even if you tried to buy that 46.54 rs gold it will not allow showing some reason like max amount blah blah blah…</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">And you have to sell that gold now in 46.53rs (again 0.01 difference)</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">So you can say 1.40 rs goes to Phonepe even after saying they don't charge any amount :(</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">I can say only one thing it's a total SCAM</p>

    • <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">It's a fucking bad decision ..</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">Let me tell u my story with phonepe gold</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">At beginning I just purchased 1 rs gold (for timepass)</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">Later I purchased 50 rs gold just to check how do they calculate gold sell price</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">Then when I tried to sell gold it was about 46.54 rs</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">I know about 3% gst on buying and selling gold that sums up to 6%</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">But listen heres the catch</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">Even of you calculate 6% on 51 rs it's 3.06 rs that means the gold which u buyed at rs 51 rs will be sold in 47.94 rs .</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">But but phonepe will show u the selling price of 46.54 rs (1.39 rs ) difference and there's one more thing.</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">Even if you tried to buy that 46.54 rs gold it will not allow showing some reason like max amount blah blah blah…</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">And you have to sell that gold now in 46.53rs (again 0.01 difference)</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">So you can say 1.40 rs goes to Phonepe even after saying they don't charge any amount :(</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">I can say only one thing it's a total SCAM</p>

    • <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">It's a fucking bad decision ..</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">Let me tell u my story with phonepe gold</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">At beginning I just purchased 1 rs gold (for timepass)</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">Later I purchased 50 rs gold just to check how do they calculate gold sell price</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">Then when I tried to sell gold it was about 46.54 rs</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">I know about 3% gst on buying and selling gold that sums up to 6%</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">But listen heres the catch</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">Even of you calculate 6% on 51 rs it's 3.06 rs that means the gold which u buyed at rs 51 rs will be sold in 47.94 rs .</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">But but phonepe will show u the selling price of 46.54 rs (1.39 rs ) difference and there's one more thing.</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">Even if you tried to buy that 46.54 rs gold it will not allow showing some reason like max amount blah blah blah…</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">And you have to sell that gold now in 46.53rs (again 0.01 difference)</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">So you can say 1.40 rs goes to Phonepe even after saying they don't charge any amount :(</p>
      <p class="q-text qu-display–block qu-wordBreak–break-word qu-textAlign–start">I can say only one thing it's a total SCAM</p>

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