There are now several ways to save in gold in India — daily SIPs into gold mutual funds, round-up digital gold, and monthly gold fund SIPs. Here's how the main options actually differ, feature by feature.
Note: this page is published by Pyllar Money, one of the apps compared below. Every claim is sourced from each app's own published product details and current Indian tax rules on gold — we've linked what we could and marked anything unverified as such.
Covering the two ways gold-saving apps work in India: SEBI-regulated gold mutual funds (0% GST) and digital gold as a commodity (3% GST, under current Indian tax rules).
| Feature | Pyllar Money | Jar | Groww | OroPocket | Gullak |
|---|---|---|---|---|---|
| Asset type | Gold & silver mutual funds (SEBI-regulated) | Digital gold (commodity, not SEBI-regulated) | Gold mutual funds / ETFs, plus digital gold | Digital gold & silver (commodity) | Not gold-focused — daily savings / FD-style |
| GST on investment | 0% GSTFree |
3% GSTEvery purchase |
0% on the fund route(3% if using their digital gold) |
3% GSTEvery purchase |
N/A — not gold |
| Daily SIP available | Yes — every day |
Round-up / manual top-up, not a fixed daily SIP | Monthly SIP only | Recurring purchase feature, not a fixed daily SIP | Yes (savings, not gold) |
| Minimum amount | ₹21/day | Varies (round-off based) | ~₹500/month | From ~₹1 per purchase | ₹10/day |
| Silver option | Daily silver SIP from ₹21/day (SEBI-regulated fund) |
No |
Some silver ETFs | Digital silver |
No |
| Holdings shown in grams | Yes — grams first |
Yes |
No — NAV units |
Yes |
N/A — not gold |
| SEBI-regulated funds | Yes — AMFI-registered distributor (ARN 341847) |
No — digital gold isn't a security |
Yes, on the fund route |
No — digital gold isn't a security |
Fixed-deposit style, RBI-adjacent, not gold |
| Lock-in | None |
None |
None |
None |
Varies by product |
Swipe left to see all five apps →
Under current Indian tax rules, digital gold is treated as a commodity purchase and carries 3% GST on every buy — the same as buying physical gold jewellery. Gold mutual funds are a financial instrument, not a commodity, so they aren't subject to GST at all. That's why apps built on the mutual fund route (Pyllar Money, and Groww's fund option) show 0% GST, while apps built on digital gold (Jar, OroPocket) show 3%. Neither structure is "wrong" — they're different products with a real cost difference worth knowing before you pick one.
Short, factual summaries — not rankings. Pick based on what you're actually trying to do.
A daily SIP app for gold, silver and savings, starting at ₹21/day. Invests through SEBI-regulated gold and silver mutual funds via an AMFI-registered distributor (ARN 341847) — 0% GST, holdings shown in grams, no lock-in. Rated 4.9★ from 534 reviews on Google Play (Aug 2026).
Best known for round-up savings — it invests your daily UPI spare change into digital gold automatically. Digital gold means 3% GST on every purchase and no SEBI regulation, but it's a genuinely frictionless way to start without setting a fixed amount.
A large, general-purpose investing app that offers gold mutual fund SIPs (monthly, typically from ~₹500) alongside a separate digital gold product. Good if you already use Groww for stocks or other mutual funds and want gold in the same place.
A digital gold and silver platform with a very low entry point (purchases from around ₹1) and insured vault storage. Like other digital gold products, it attracts 3% GST per purchase and isn't SEBI-regulated as a security.
Not actually a gold app — Gullak is a daily/automated savings product (fixed-deposit style) that shows up in "gold SIP alternative" searches because of its daily-saving habit framing. Worth knowing it's a different product category before comparing it feature-for-feature against gold apps.
Four questions worth answering before you pick one, regardless of which app you land on.
Digital gold is simple and familiar, but it's an unregulated commodity purchase with 3% GST every time. Gold mutual funds are SEBI-regulated financial instruments with daily NAV disclosure and 0% GST. Neither is automatically "better" — but the GST difference alone is worth running the numbers on if you're saving daily over years.
"Daily gold app" covers two very different habits: a fixed daily SIP (a set amount, every day, automatically) versus round-up savings (spare change from your spending, no fixed amount). If you want predictability and control over how much goes in, a fixed daily SIP is the better fit.
Most gold SIP apps don't offer a genuine silver SIP alongside gold. If you want to split savings across both metals in one app, that narrows the field considerably.
A ₹500/month minimum sounds small until you're trying to build a daily habit — that's roughly ₹16.50/day, and most platforms with that minimum only support monthly, not daily, SIPs. If daily consistency matters more to you than the exact rupee amount, check whether the app supports a true daily debit before signing up.
A gold SIP app invests your money in SEBI-regulated gold mutual funds — a financial instrument with 0% GST and AMFI oversight. A digital gold app has you buy an actual grams-equivalent of gold as a commodity, which attracts 3% GST on every purchase and isn't SEBI-regulated. Pyllar Money and Groww's fund option use the mutual fund route; Jar, Gullak and OroPocket use the digital gold route.
Apps that invest through gold mutual funds — Pyllar Money and Groww's fund option — charge 0% GST. Digital gold apps such as Jar, Gullak's non-gold products and OroPocket charge 3% GST on every purchase, as required by Indian tax law for gold as a commodity.
Pyllar Money's ₹21/day is the lowest published minimum built specifically for a fixed daily SIP. OroPocket allows purchases from around ₹1, but that's a per-purchase minimum rather than a structured daily SIP. Groww's gold mutual fund SIP is monthly, typically from around ₹500.
Pyllar Money offers a daily silver SIP from ₹21/day through a SEBI-regulated silver ETF fund of fund. OroPocket offers digital silver as a commodity purchase. Jar and Gullak don't currently offer a silver option, and Groww's silver exposure is limited to select ETFs rather than a dedicated silver SIP.
It depends on what you're optimizing for. Jar is built around effortless round-up savings from your existing spending, with digital gold as the asset (3% GST, not SEBI-regulated). Pyllar Money is built around a fixed, predictable daily SIP into SEBI-regulated gold mutual funds (0% GST), plus a daily silver SIP. If you want a set amount going in every day with lower cost drag, Pyllar's structure is closer to that; if you want zero-effort round-up saving, Jar's model is built for that specifically.
No. Gullak is a daily/automated savings product, closer to a fixed-deposit style app, not a gold investment app. It shows up in gold SIP comparisons because of its daily-saving habit framing, but it doesn't invest in gold at all.
₹21/day. 0% GST. SEBI-regulated gold and silver mutual funds. 4.9★ from 534 reviews on Google Play.
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