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In what comes as a major good news for semi-urban and rural area customers, Augmont, an integrated precious metal manufacturing company, has partnered with Payworld to provide precious metals to the untapped audience of India at the lowest price of Re 1. In a statement on Thursday, Payworld said that the need for safer and easier mode of purchase of precious metals has increased with the increase in demand. The new partnership aims to provide a safer, easier and cheaper mode of purchase of these precious metals.

As part of this tie-up, Augmont's products will be available on the Payworld’s online platform. Apart from this, the products would also be available the Payworld stores. The customers can either purchase the metals online or visit the stores where they will be assisted by retailers.

Praveen Dhabhai, COO, Payworld said that this partnership will help people with limited income to purchase a precious metal like gold or silver. 

"I am extremely delighted with this partnership. This association will help us to add additional service to our existing set of services. Purchasing a precious metal like gold or silver is a dream for people with limited incomes. I’m proud that with the help of this association we can get the rural citizens dream come true," he said. 

The customer who purchases Augmont’s products will also be able to leverage all its services such as the right for buying gold to Investing in SIP’s, preserving gold in third-party lockers and having it delivered to their choice of location.

Sachin Kothari, Director, Augmont said, “Our partnership with Payworld is a carefully thought decision wherein we not only want to expand our customer base and increase our product reach but also facilitate the purchase of precious metals through a secure and well-known platform such as Payworld."

"Payworld offers great assistance both online and offline through their platform and outlets, respectively, which we believe will enhance our customer experience and help us increase our presence across India. We look forward to this great association and offering our customers the best services and help the audience purchase our best-quality products at great prices," he added.