Magazine : 
Best Platforms For Silver Investment Online
Silver has long been considered a reliable hedge against inflation and a smart way to diversify an investment portfolio. Compared to gold, silver is more affordable, has strong industrial demand, and offers attractive long-term potential.
With multiple ways to invest, ranging from physical silver to digital and market-linked options, choosing the right platform is crucial. Here’s a curated list of the best platforms for silver investment, based on safety, ease of use, costs, and investment flexibility.
Best Platforms For Silver Investment
Groww is India’s most preferred investment platform for investors who want a simple yet powerful online investing experience. With the Groww app, you can invest in silver in different ways, i.e.,
- Silver ETFs
- Silver Mutual Funds [Silver Fund-of-Funds (FoFs)]
- Silver commodity derivative contracts
The app offers one of the smoothest and most intuitive interfaces to explore market-linked silver investments. Investors can choose from a wide range of Silver ETFs issued by reputed fund houses and track their performance through interactive charts, past returns, and insights.
For those who prefer systematic investing, Silver Fund-of-Funds (FoFs) on Groww allow users to invest small amounts regularly through SIPs, making silver accumulation effortless and disciplined.
Further, those who are into trading can trade in silver commodity derivative contracts on MCX via Groww’s commodity trading platform.
The best part is that all the above investment methods are SEBI-regulated.
Paytm Money
Paytm Money offers digital silver, where every investment is backed by physical silver stored securely with vaulting partners. Users buy silver digitally in rupee terms or grams. The silver is stored on the user’s behalf and can be sold back instantly at prevailing prices. Some platforms also allow delivery of physical silver for an additional cost.
Key features
- Low minimum investment
- Fully digital buying and selling
- Vaulted storage with insurance
- Transparent pricing
PhonePe
PhonePe allows users to invest in digital silver directly through its payments app, lowering the entry barrier for silver investment. PhonePe partners with regulated vaulting and bullion providers. Strong payment security and brand trust add to investor confidence. Also, investors can track holdings within the app, sell digitally, or request physical delivery.
Why PhonePe stands out:
- Simple in-app purchase
- Trusted brand
- Backed by SafeGold
- Ideal for quick investments
Google Pay (GPay)
Google Pay integrates digital silver investing into its clean and intuitive ecosystem, again in partnership with MMTC-PAMP. The appeal of GPay lies in its minimalistic experience; users who already rely on the app for UPI payments can buy digital silver without downloading new apps or going through complicated onboarding processes.
Key features
- Allows users to invest in digital silver directly from the GPay app
- Silver investment is backed by physical silver stored in insured vaults
- No Demat or trading account required
- Investors can buy silver in small quantities (gram-based investing)
Muthoot Fincorp
Muthoot Fincorp has long been associated with trust and legacy in India’s precious metals market, especially through its gold loan services. Its digital silver offering, often accessed through the M-Swast app, is backed by SafeGold and offers the convenience of buying and storing silver digitally while maintaining the comfort of dealing with a familiar brand.
Key features
- Offers physical silver coins and bars through branch network
- Products come with certified purity and standardised weights
- Allows customers to physically inspect silver before purchase
Conclusion
Every silver investment platform serves a different purpose. Digital platforms prioritise convenience, ETFs offer regulation and liquidity, while physical platforms provide tangible ownership. Choosing the right platform depends entirely on your investment horizon, risk tolerance, and comfort with markets.
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