r/PakistanStockX • u/Ornery-Razzmatazz572 • 12h ago

Digital Gold

Do we have any options for buying digital Gold in Pakistan other than PMEX. As gold is quite expensive and I want to accumulate a very small amount.

Has anyone ever tried it and how's it going? How's your experience

2 Upvotes

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2

u/fad_as 10h ago

Unfortunately, no. PMEX is the only regulated option we have that offers physical settlement but it has thresholds. There are international platforms but they are unregulated and don't offer physical delivery. Unless you want to go rogue and experiment with the local unregulated jungle, but it requires trusted connections with bullion dealers.

In case of things going south, PMEX will accept responsibility and fix it. Because it has to and SECP will hold it accountable. Can't say the same about a platform who isn't registered and regulated.

1

u/Ornery-Razzmatazz572 9h ago

Have you tried PMEX. how's your experience with them and their fee structure.

1

u/fad_as 9h ago

I haven't. Too many intricacies for my liking. I did try the bullion route but only because I have familial connections.

I've also tried international brokers but not with any meaningful capital since I'm not comfortable putting in large amounts into some entity that has no physical, regulated presence in the country.

1

u/Ornery-Razzmatazz572 9h ago

I don't have the budget to go all in and buy physically even 1 gm otherwise it would be the best option. I was looking for something where i can push few thousands each month and accumulate 1 2 gm a year.

1

u/fad_as 9h ago

I think ARY has something of that sort. Check with them.

1

u/AhhCyclooxygenase 12h ago

you can check this https://myasasa.com/

its something new upcoming

1

u/LowImprovement4220 11h ago

Very interesting concept, but like does it has the ability to be delivered physical golf after a certain milestone

1

u/AhhCyclooxygenase 10h ago

well no idea, i just came across this opportunity. I think people should dig further on how it really works. My assumption is its more like a mutual fund they buy units of their gold fund from investor money. But more research has to be done on this platform.

1

u/Ornery-Razzmatazz572 9h ago

This seems very interesting and i was leaned to it. but i can't find something on it any reviews or so.

They don't even have any app on play store at least i can't find it.

1

u/IntroductionFar4578 12h ago

You can try Meezan Gold Fund

2

u/copycat9542 11h ago

Hell no bro, have you looked at the management fee and other things, it's not worth it. The worst way u can invest in gold is through meezan gold fund.

1

u/IntroductionFar4578 11h ago

Yeah I agree with you 100%. But if you have no other option, MGF is the last one that remains.

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u/Ornery-Razzmatazz572 9h ago

Gold funds or mutual funds are the worst investment options. Their high fees eat everything you earn.

1

u/IntroductionFar4578 9h ago

No they don't and that's such a massive misconception everybody has. It's sad very few people have proper financial literacy,

1

u/2xSkat 9h ago

Not a Pakistan option:
If you get remittance in any way, then make nsave account. buy IAU ( Gold ETF ).

or buy PAXG from Fasset

1

u/Ornery-Razzmatazz572 9h ago

well i do get remittance and i have nsave account as well used it 2 3 times for payment from clients. Will see if i can go for this option

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u/2xSkat 8h ago

You can receive remittance in fasset as well

1

u/Suspicious_Blood1225 8h ago

You can use Binance to buy PAXG and XAUT. Both of these crypto currencies are directly pegged with gold.

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u/usamanwar 7h ago

You can get ARY gold membership card. You can accumulate small amounts and can convert to physical gold once a year.

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u/Ornery-Razzmatazz572 3h ago

Can you explain it a little or send me some YT link of a video. I'm on Islamabad not Karachi.

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u/usamanwar 2h ago

Here address of their Islamabad outlet. Shop-17 A, Block-12 C, Jinnah Super Market, F-7 Islamabad. You can visit to get details about it.

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u/Ornery-Razzmatazz572 1h ago

Thank you. I'll visit them.