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Ticgetz Gold

Augmont digital gold: the refiner, the vault and the apps built on it

If you buy gold on Ticgetz, Groww, Gullak or Tide, the metal comes from Augmont. This guide explains who Augmont is, how its digital gold is held, and how to check it yourself. Ticgetz is an Augmont partner, so read this as a seller describing its own supplier: every claim below links to a page you can open.

Bullion housesBeginner4 min readUpdated 3 November 2026

Who Augmont is

Augmont Enterprises Limited is a Mumbai bullion house, incorporated in 2012 and formerly a private limited company. Its IPO listing on Groww describes two gold and silver refining units, in Rudrapur, Uttarakhand, and in Mumbai, alongside bullion trading, jewellery manufacturing, retail stores and digital gold. Revenue from operations was ₹94,186 crore in FY2026. Its shares listed on 31 August 2026 after a public issue priced at ₹788.

FactWhat Augmont or its filings say
Legal nameAugmont Enterprises Limited (CIN L74120MH2012PLC237346)
RefineriesRudrapur, Uttarakhand, and Mumbai, Maharashtra
Refinery credentialsIndia Good Delivery standards, BIS, NABL, Responsible Jewellery Council
Digital gold purity24K 999
Own consumer appGold For All
Partners231 fintech partners, by Augmont's own count
From augmont.com and Augmont's IPO page on Groww, read on 3 November 2026.

India Good Delivery is the domestic standard that lets a refiner's bars be delivered against exchange contracts; Augmont says its bars are accepted on BSE and MCX. It is not the London Bullion Market Association's Good Delivery list, which in India only MMTC-PAMP holds. In July 2026 the National Stock Exchange also announced a collaboration with Augmont on Electronic Gold Receipts, citing its role in creating, redeeming and delivering them.

Who holds Augmont digital gold

When you buy Augmont digital gold, Augmont sets aside the same weight of physical 24K gold. Augmont's own page says the metal is insured and stored in vaults “monitored by an independent trustee”, at no extra cost to you, and links a trustee certificate. Augmont's live rate is what you buy and sell at on Ticgetz. Its partners are more specific: Groww and Gullak both name Sequel as the vault operator, and Groww names IDBI Trusteeship Services as the trustee that verifies holdings and insurance.

  • AugmontRefinerSells you the metal
  • TicgetzPlatformKeeps your ledger
  • Sequel LogisticsVaulting agentHolds the gold
How it works on Ticgetz: Augmont sells the metal, Sequel holds it, and Ticgetz keeps your ledger. Three companies, so the platform is never the only one standing between you and your gold.

Which apps sell Augmont gold

Augmont works mostly behind other brands. These are the partners that say so in their own words:

Apps and brands that say, on their own pages, that their gold comes from Augmont. Logos are their owners' trademarks, shown only to identify them; each links to the company's own site.
  • Ticgetz Gold. That is us: every gram bought on Ticgetz is Augmont metal.
  • [Groww](https://groww.in/). Its help pages say all digital gold buys and sells are “directly with Augmont”.
  • [Gullak](https://gullak.money/). Its site says its gold is supplied by Augmont and held by Augmont, not Gullak, as custodian.
  • [Tide India](https://www.tide.co/en-IN/). Its help pages say Augmont sets aside physical 24K gold, 999 fine, for each purchase.
  • [Kalyan Jewellers](https://www.kalyanjewellers.net/). It launched Kalyan Jewellers Digital Gold with Augmont in 2021.

Augmont's home page also shows CaratLane, Muthoot Fincorp and others among its partners, without saying what each does. Some of those brands also appear on other providers' pages, so check inside the app. For the bigger picture of who powers Paytm, PhonePe and Google Pay, see SafeGold vs Augmont vs MMTC-PAMP.

Is Augmont safe?

No company can promise that, and digital gold sits outside SEBI's regulation whoever sells it. What you can check is structure. Augmont is a refiner with domestic Good Delivery credentials. Partners name its vault operator, and each purchase is backed by physical metal set aside under a trustee. It also mints the coins you can redeem your grams for. Run the nine checks on the app you use, ours included.

Questions people ask

Is Augmont digital gold real gold?

Yes. For each purchase Augmont sets aside the same weight of physical 24K gold at 999 fineness, held in insured vaults under an independent trustee. You can redeem it as coins.

Where is Augmont digital gold stored?

Augmont says in insured vaults monitored by an independent trustee. Its partners Groww and Gullak name Sequel as the vault operator.

Which apps use Augmont gold?

Among others, Ticgetz Gold, Groww, Gullak and Tide India say their digital gold comes from Augmont, and Kalyan Jewellers launched its digital gold with Augmont in 2021.

What purity is Augmont digital gold?

24 karat, 999 fineness, which means 99.9% pure gold.

Is Augmont listed on the stock market?

Yes. Augmont Enterprises Limited listed on 31 August 2026 after a public issue priced at ₹788 a share.

Sources

Augmontbullion housescustody24K 999vault

From the Ticgetz Gold team, drafted with AI assistance and checked against the sources above on 3 November 2026. Ticgetz sells digital gold, so weigh what we say accordingly. This is general information about how digital gold works in India, not investment or tax advice, and rules change. Rates quoted anywhere on this site are live market rates and are not a forecast.

Start of this topic

SafeGold vs Augmont vs MMTC-PAMP: who is behind your digital goldAlmost every digital gold app in India sells metal from one of three companies. Here is who each one is, how its custody works, and which apps use it.

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