Recently, SEBI vide a press release (link) has cautioned the Indian public regarding dealing in so-called ‘Digital Gold’.

India offers regulated gold investment options like Gold ETFs from mutual funds, erstwhile SGBs (Sovereign Gold Bonds) , and gold derivatives on commodity markets, but this “digital gold” sold on many apps is unregulated and falls outside SEBI’s oversight.

SEBI warns that while digital gold seems modern, it carries risks with no safety net – if the platform fails, investors have no SEBI or exchange protection and must pursue claims in court alongside other creditors.

And here is my tweet (link) regarding the same.

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