Paytm started Gold purchase scheme some time ago. So, since Akshay Tritiya I have been buying small quantities of Gold, just for the heck of it.
How small ?? Rs. 51 per purchase !! it comes to about 0.017gm for 51 Rs. In this duration (since Akshay Tritiya), the price has moved betwen 3100 and low of 2870 today. Now I have about 0.6 gms of gold in my wallet.
But the problem is that I don't know what is my average purchase rate !! They won't provide you with a ledger for gold purchases. Have written to them about it.
Aside, Gold does not seem to be a very good investment. You pay taxes when you buy, when you sell; and there are the bank charges.