NEWS
- 10 March | ForumIAS Residential Coaching (FRC) Student secures Rank 6 in CSE 2025! →
- 10 March | SFG Folks! This dude got Rank 7 in CSE 2025 with SFG! →
- 10 March | SFG Folks! She failed prelims 3 times. Then cleared the exam in one go! Watch Now! →
News: SEBI has cautioned the public about rising investments in unregulated digital gold amid a surge in gold prices and online promotions.
About Digital Gold
- Digital gold refers to buying and owning gold electronically without physically holding the metal.
- Technology used : Digital gold is created using blockchain technology, which enables online buying, selling, and storing of gold.
- The value moves in line with physical gold prices.
- Benefits: Digital gold offers easy online access, small investment amounts, quick selling in emergencies, removal of storage hassles, and later conversion into coins, bars, or jewellery.
- Risks:
- It operates outside Sebi’s regulatory purview.
- It is neither a security nor regulated commodity derivative, carries counterparty and operational risks, offers no investor-protection mechanisms, and
- It depends on platforms or jewellers where default risk remains.
- SEBI’s Advisory to Investors: Investors should prefer gold investment options such as gold ETFs, exchange-traded commodity derivatives, EGRs, Sovereign Gold Bonds, or products available through Sebi-registered intermediaries.
