At what price will gold be bought after I set up an AutoPay for Gold SIP?
The gold will be bought at the buy price that’s valid at the time we receive the money from your bank for your monthly Gold SIP.
For example, you have set up 2 Gold SIPs for ₹1,000 each that is scheduled on the 5th of every month. If the auto payment for the 1st Gold SIP is completed at 11:00 am, gold will be bought at the live buy price that’s valid then. Similarly, if the auto payment for the 2nd Gold SIP is completed at 2:00 pm, gold will be bought at the live price that’s valid at 2:00 pm.
Note: If your auto payment fails on the investment due date due to bank-related issues, the gold will be bought based on the gold price that’s valid when the auto payment is completed successfully by your bank.