If you're looking at ways to buy gold online, you'll likely come across RamMudra™ - IGM's digital gold app. Here's what it actually is, how it works, and what makes it different from simply buying gold through a generic app or website.
What is RamMudra™ digital gold?
RamMudra™ is IGM's digital gold app, combining the convenience of digital gold ownership with the trust of 24K gold stored physically in a bank-grade secure vault.
You can buy, save, gift, sell and redeem gold for physical coins through the RamMudra™ app. Your digital gold is backed by physical gold held with a custodian, with ownership records maintained using blockchain technology which can be verified independently anytime.
How does RamMudra™ work?
RamMudra™ lets you buy, hold, sell and redeem physical 24K gold through your smartphone. When you buy gold, your ownership is recorded digitally in grams and backed by physical gold securely held with a custodian. Blockchain technology provides transparent, tamper-evident records of your gold ownership and transactions.
What makes RamMudra™ different from other digital gold apps?
RamMudra™ focuses on making gold ownership more transparent and verifiable. Key features include:
- Physical gold backing
- Blockchain-recorded ownership
- Fractional gold ownership
- 24K gold, 999.9 fineness (99.99% purity)
- Digital buy and sell
- 24×7 redemption
- Physical gold coin redemption
- Secure custodian-held storage
- Gold made from responsibly sourced recycled gold
- Access to IGM's wider gold ecosystem
Is RamMudra™ backed by physical gold?
Yes. RamMudra™ digital gold is backed by physical 24K gold held securely with a custodian. The physical gold backing your digital holdings is subject to independent verification, providing transparency and confidence in the gold you own.
Where does RamMudra™'s gold come from?
RamMudra™ uses responsibly sourced recycled gold from established and trusted bullion suppliers and meets prescribed standards for purity and quality. This means existing gold is reused rather than relying on imported or newly mined gold.
The takeaway
RamMudra™'s core pitch is that gold ownership shouldn't ask you to just take a platform's word for it, every unit is backed by physical 24K gold held with a custodian, and ownership is recorded on blockchain so it's verifiable rather than just stated. It's built by IGM, so it sits inside a wider gold ecosystem rather than existing as a standalone app with no track record in the category.
