MyGold

Q: What is MyGold?

A: MyGold is India’s pioneering digital gold bank that allows users to securely buy, sell, and invest in gold. With innovative features like digital gold storage, gold-saving plans, and competitive gold rates, MyGold transforms your idle gold into a passive income generator while ensuring top-tier security and transparency.

Q: What items are suitable for selling on MyGold?

A: MyGold allows sellers to list a broad range of gold-related items, including gold jewelry, coins, bullion, and even custom gold pieces. Every item listed must meet MyGold’s quality and authenticity standards to ensure trust and satisfaction among buyers. This ensures that whether you are a jeweler or an individual seller, your items are securely marketed on a credible platform.

Q: How do I start selling on MyGold?

A: Starting your gold-selling journey on MyGold is simple and efficient. All you need to do is register as a seller through the MyGold web panel or mobile app. Complete the KYC process, submit your GSTIN details, and once validated, you can start listing your products. The user-friendly interface makes it easy to manage your listings and payments, bringing your business online with minimal effort.

Q: What is the MyGold Refer and Earn program?

A: The MyGold Refer and Earn program is a unique opportunity where you can invite your friends and family to join the app, and both of you get rewarded. By sharing your referral code, like HIMA6300, your friends can sign up, and once they complete specific actions, you both receive rewards, such as free gold credits. It’s a great way to increase your digital gold savings while sharing the benefits of MyGold with others!

Q: What is the referral code for the MyGold app?

A: The referral code for the MyGold app is HIMA6300.

Q: How do I refer friends on MyGold?

A: Referring friends on MyGold is simple and seamless. You can find your personal referral code in the "Refer and Earn" section of the app. Just copy this code and share it with your contacts via social media, WhatsApp, email, or SMS. When they sign up and use your referral code during the registration process, both of you will receive rewards, making the process effortless and rewarding.

Q: What rewards do I get for referring friends on MyGold?

A: The rewards from referring friends on MyGold are impressive! For each successful referral, you and your friend can earn free gold credits that are added to your MyGold Bank balance. These rewards can be used to grow your digital gold holdings or even redeemed for other bonuses. MyGold may also offer special promotions that increase the rewards for referring more friends, so keep an eye out for extra benefits!

Q: How can my friends use my MyGold referral code?

A: When your friends download the MyGold app, they will be prompted to enter your referral code, such as HIMA6300, during the sign-up process. By entering your code, they’ll automatically become eligible for the referral rewards. Once they complete their registration and make their first transaction, both of you will receive free gold or other exciting bonuses.

Q: Is there a limit to how many friends I can refer to MyGold?

A: No, there’s no limit to how many friends you can refer on MyGold! The more friends you refer, the more rewards you earn. Each successful referral adds to your total rewards, meaning your digital gold can grow significantly over time. This unlimited referral system allows you to maximize your benefits without any restrictions.

Q: How quickly will I receive rewards from MyGold referrals?

A: The rewards for your MyGold referrals are typically credited as soon as your friend completes the necessary actions, such as registering and making their first transaction. In most cases, you and your friend will see the rewards reflected in your MyGold account instantly or within a short period, making it a quick and efficient process.

Q: What can I do with the rewards I earn through MyGold referrals?

A: The rewards you earn from MyGold referrals are incredibly versatile. You can accumulate free gold credits that can be held in your MyGold Bank account to grow over time. Alternatively, you can use these credits for purchasing more gold, investing in gold savings plans, or even redeeming them for other available bonuses, allowing you to diversify your benefits.

Q: Why should I refer friends to MyGold?

A: Referring friends to MyGold comes with multiple advantages. Not only do you earn rewards, but you also introduce your friends to a secure platform that allows them to invest in gold and enjoy financial growth. By helping them access these benefits, you strengthen your own financial position through free gold rewards, making MyGold’s referral system a win-win for both parties.

Q: Where can I find my MyGold referral code?

A: Your unique referral code is located in the “Refer and Earn” section of the MyGold app. From there, you can copy the code or share it directly with your contacts via social media, messaging apps, or email. The app even offers pre-filled message templates that make sharing your code easy and efficient. All you have to do is click and send!

Q: How can I track my referral rewards on MyGold?

A: Tracking your referral rewards is easy with MyGold’s user-friendly interface. Navigate to the “Refer and Earn” section in the app, where you can see how many friends have signed up using your referral code and how much free gold or bonuses you’ve earned from each referral. The real-time updates ensure that you’re always in the loop about your referral earnings.

Q: Do my referred friends need to complete any tasks on MyGold for me to earn rewards?

A: Yes, to unlock the referral rewards, your friends need to complete specific tasks, such as registering and making their first transaction on MyGold. Once these steps are completed, both you and your referred friends will receive rewards. This system ensures that you both actively engage with the platform, leading to mutual benefits.

Q: Can I earn both gold and cash rewards through MyGold referrals?

A: Absolutely! MyGold often offers both free gold credits and other rewards such as cash bonuses depending on current promotions. While the standard referral reward is free gold, during special campaigns, you might be able to earn additional bonuses like cash or discounts. Keep an eye on the app’s latest offers to maximize your earnings.

Q: What happens if my friend forgets to use my MyGold referral code?

A: If your friend forgets to enter your referral code during registration, unfortunately, neither of you will receive the referral rewards. To avoid missing out, remind your friends to input the code during the sign-up process, so both of you can benefit from the referral program. If necessary, they can restart the registration process to ensure the code is applied.

Q: Can I refer friends from outside of India to MyGold?

A: MyGold may have regional restrictions based on its services. Be sure to check the app’s terms and conditions or contact customer support to confirm whether your international friends can use your referral code. If the service is available in their region, they’ll be able to sign up, use your referral code, and you’ll both receive rewards.

Q: Why is the MyGold Refer and Earn program beneficial for me?

A: The MyGold Refer and Earn program is one of the easiest ways to boost your digital gold holdings without any additional investment. By simply sharing your referral code with friends and family, you can earn free gold credits that grow over time. This passive earning system adds to your financial security and helps build a substantial gold portfolio, all while benefiting those you refer.

Q: Why should I sell on MyGold?

A: MyGold offers a complimentary SaaS platform that empowers you to build your digital storefront without any setup or operational costs. You can manage everything from product listings and inventory to payments and shipping—all in one place. Furthermore, MyGold provides sellers access to a growing market of buyers and offers tools to increase visibility, making it a great choice for anyone looking to expand their gold business digitally.

Q: What strategies can I employ to boost my product’s visibility on MyGold?

A: To boost your product's visibility on MyGold, focus on optimizing your listings. Use descriptive and relevant keywords to improve search rankings. Ensure that your product descriptions are detailed, and your images are of high quality. Participate in seasonal promotions or offer competitive pricing and discounts. By frequently updating your inventory and maintaining a responsive seller profile, your items are more likely to appear in search results and attract buyers.

Q: What factors should I consider when determining my listing price on MyGold?

A: Pricing on MyGold should consider various factors such as the current market price of gold, production costs, MyGold's platform commission, and any associated logistical expenses. Accurately assessing these elements ensures that you remain competitive while covering your costs. MyGold also offers tools that help you calculate an appropriate selling price, taking into account market fluctuations and trends.

Q: Can I make changes or updates to my listings on MyGold?

A: Yes, MyGold provides full flexibility for sellers to edit or update listings at any time. Whether you want to adjust your product’s price, change the description, or update images, you can do so directly through the seller dashboard. This allows you to keep your listings accurate and fresh, ensuring they stay relevant and appealing to potential buyers.

Q: How does MyGold ensure the security of my gold items?

A: At MyGold, your assets are safeguarded by VISTRA, a globally recognized Gold Trustee Administrator, providing top-level security. MyGold takes the security of both digital and physical transactions seriously, using advanced encryption for digital data and trusted logistics for the safe transport and handling of gold. With this level of protection, you can sell with confidence knowing that your gold is in safe hands.

Q: What is MyGold’s commission structure for sellers?

A: MyGold offers a transparent commission structure, which includes a small percentage fee on each sale along with logistical expenses. This commission helps cover operational costs such as payment processing and shipping, ensuring that your products are sold seamlessly. By keeping commissions low, MyGold enables sellers to retain the majority of their earnings while benefitting from a professional online selling platform.

Q: How do I receive payments for items sold on MyGold?

A: Payments on MyGold are processed seamlessly and securely. Once a transaction is completed, funds are transferred directly to your registered bank account. MyGold ensures timely payments, with options for tracking your earnings through the seller dashboard. This allows you to focus on your business without worrying about delays in payments or complications.

Q: What makes MyGold different from other selling platforms?

A: MyGold is India’s first Gold Bank, offering much more than just a platform to sell gold. It provides a holistic gold ecosystem where sellers can list products, manage payments, and even access financial services like loans against gold at competitive rates. MyGold also offers an impressive 16% annual growth on stored gold, helping sellers not just sell but also grow their gold assets. This unique combination of selling and financial growth sets MyGold apart from other platforms.

Q: How do I register to sell on MyGold?

A: To start selling on MyGold, simply download the MyGold app or visit the website. Fill in the registration form, complete the KYC verification process, and provide your GSTIN details. Once your information is validated, you can begin listing your gold products for sale. The process is designed to be quick and hassle-free, allowing you to start earning from your gold assets right away.

Q: What services does MyGold offer to help grow my business?

A: MyGold provides a range of services tailored to help gold sellers grow their business. These include inventory management tools, marketing support, and a secure payment system. Sellers also gain access to loans against gold at just 0.35% per month, allowing them to reinvest in their business. MyGold’s customizable gold-saving plans also enable you to build wealth for the future, making it a complete financial tool for your business.

Q: What role does MyGold play in India's economy?

A: MyGold aligns with India's goal to mobilize the country’s 25,000 tonnes of idle gold, transforming it from a dormant asset into a powerful income generator. By encouraging individuals and businesses to actively trade and invest their gold, MyGold contributes to India's vision of becoming a USD 5 trillion economy. Selling on MyGold not only benefits you but also plays a role in driving national economic growth.

Q: How can I make my gold listings on MyGold more attractive to customers?

A: To attract more buyers on MyGold, use high-quality images that clearly display your products and ensure that descriptions are detailed and accurate. Offering limited-time discounts or promotions can also drive more attention to your listings. Additionally, engage with potential customers through quick responses and excellent customer service, which can boost your credibility and result in more sales.

Q: How does MyGold help convert idle gold into a source of income?

A: MyGold helps you convert your idle gold into a passive income generator by offering up to 16% annual growth on stored gold assets. This means your gold appreciates by 5% annually without any additional investment. MyGold also offers flexible loans against gold at just 0.35% interest per month, giving you liquidity while ensuring your gold continues to grow in value.