The development comes weeks after the markets regulator warned investors against investing in digital or e-gold products, stating that such instruments fall outside its regulatory framework
Following Sebi's warning that digital gold lies outside its regulatory scope, fintechs are facing scrutiny over vault practices, investor safety, and KYC compliance
'Safety must come before convenience,' say experts, urging investors to rethink unregulated digital gold after SEBI's latest caution
Markets regulator Sebi on Saturday warned investors against investing in digital or e-gold products, saying such instruments fall outside its regulatory framework and involve significant risks. The cautionary statement came after Sebi observed that some online platforms have been promoting 'digital gold' or 'e-gold' products as an easy alternative to investing in physical gold. "In this context, it is informed that such digital gold products are different from Sebi-regulated gold products as they are neither notified as securities nor regulated as commodity derivatives. They operate entirely outside the purview of Sebi," the regulator said in a statement. "Such digital gold products may entail significant risks for investors and may expose investors to counter party and operational risks," it added. Sebi further clarified that investor protection mechanisms applicable to regulated securities will not extend to such unregulated digital gold schemes. The regulator said that investor
Bulk of gold investment for investment purpose should be through ETFs; limit jewellery purchase to personal use
Gold prices hit record highs ahead of Diwali. Explore expert tips on the best gold investment options, physical gold, jewellery, digital gold or ETFs - for maximum returns.
This Dhanteras, experts break down costs, risks and real returns to reveal the smarter pick
Gold is expected to fall sharply in case the Trump Administration decides to extend the July deadline
Dip buying in gold is advisable as the key US macroeconomic reports have not been so encouraging
Spot gold may test the support zone of $3,250-$3,257 (₹93,700-₹93,950). Downside from current level may be limited though.
Indians continue with 'safe haven' investment, physical or digital, as financial awareness grows
PhonePe and Paytm are celebrating Akshaya Tritiya 2025 with special digital gold offers. From cashback and discounts on PhonePe to Paytm's 'Golden Rush' rewards, users can invest in gold with ease.
Customers can redeem their SmartGold units for cash or physical gold anytime they wish
75% of respondents under the age of 35 prefer digital gold, citing its liquidity and convenience as major factors
Spot gold was trading with a gain of 0.78 per cent at $2,515 at the time of the MCX closing. MCX October gold was at Rs 71,948 (LTP), up 0.67 per cent on the day
Spot gold was trading with a slight loss of 0.19 per cent at $2,468 at the time of the MCX Closing
There is no direct tax applied at the time of purchasing gold. However, authorities capture the details of the gold purchase through the PAN information provided at the time of the transaction
Spot gold at the time of the MCX closing was trading at $2329, down 0.89per cent on the day, whereas the MCX August contract was changing hands at Rs 72,005, down 0.27per cent
Spot gold was up nearly 1 per cent Thursday on rate cut bets as the weekly US job data disappointed
By 2035, India's market-cap can touch $18-20 trillion as compared to around $4 trillion right now, Vikas Khemani said in this interview.