How is the value of the gold I’ve stored in a locker calculated?

The value of the gold you’ve stored in a locker is calculated using the live gold buy price (excluding GST).

For example, as per the image below, your Safegold gold locker balance is 1.5295 gm and the live gold buy price is ₹4,918.78 per gm, your gold value will be ₹7,523.27 (₹4,918.78 per gm x 1.5295 gm). This gold value is also your portfolio value.

Important: The amount you earn on selling your gold will depend on the live sell price and may differ from the portfolio value you see. 

Learn more about checking if you’ve earned any gains on the gold you’ve purchased on PhonePe.