Paytm Launches Digital Silver Savings Starting at ₹20

Paytm has introduced a new savings option called Paytm Silver. It allows users to invest in silver through its mobile app. With this, the company is expanding beyond digital gold and offering another precious metal for small value savings.

The new feature allows users to start investing in silver with as little as ₹20. The company says the silver is sourced from MMTC PAMP and stored in insured vaults. Users do not physically receive the silver. Instead, the equivalent quantity is stored on their behalf and can be sold anytime through the app at the current market price.

Once you buy silver from Paytm app, the live price is displayed before payment, and taxes are shown separately. Once purchased, the silver is stored in insured vaults managed by MMTC PAMP. Users can sell their holdings instantly within the app at prevailing market rates. The money is credited back digitally. There are no making charges, which are usually applicable when buying physical silver jewelry or coins.

Paytm has already seen strong adoption of digital gold on its platform. Many users prefer small and regular investments rather than buying physical gold from stores. Now, the company is applying the same model to silver.

Silver has traditionally been popular in Indian households, especially during festivals and weddings. However, buying physical silver often involves making charges and storage concerns. Digital silver removes those issues but shifts trust to the platform and storage partner.

By adding silver, Paytm is clearly targeting users who want to diversify within precious metals without investing large sums at once.

Silver prices have seen fluctuations in recent years due to global demand, industrial usage, and inflation trends. Apart from jewelry, silver is widely used in electronics, solar panels, and electric vehicles. This gives it both traditional and industrial demand.

By launching silver savings now, Paytm may be trying to tap into the rising interest in asset-backed investments. Many retail investors are looking for alternatives to fixed deposits and volatile equities. Precious metals often act as a hedge during uncertain economic conditions.

While digital silver offers convenience, investors should understand the risks. Silver prices can be volatile. Returns are not guaranteed. Also, since the silver is stored digitally, users rely entirely on the platform and its partners for custody and redemption.

Another important factor is regulation. Digital gold and silver products operate under specific guidelines, but they are not the same as bank deposits or regulated mutual funds. Users should treat them as commodity investments.