Digital Gold

Digital gold vs physical gold: Which is actually safer?

It looks convenient and modern, but safety depends on what kind of risk you’re trying to avoid.

Paytm to resume delivery of physical gold next month for its digital gold investors

The mobile payments firm, which had paused physical gold redemption last August, is rolling out revamped infrastructure to enable delivery across more than 12,000 pin codes starting mid-April

Digital gold sales surge to record high of Rs 4,000 crore in January

Over 90 percent of all digital gold purchases in the country happen through UPI.

Digital gold volumes cross 940 million YTD; November value declines

Digital gold volumes have remained strong because investors can buy in very small amounts, especially as rising gold prices have made physical coins and bars expensive, says an analyst

Millennials, Gen Z drive 50% surge as Indians buy 12 tonnes of digital gold worth Rs 16,670 crore despite Sebi caution

The estimate draws on transaction data released for the first time by the National Payments Corporation of India (NPCI), which tracks UPI-based digital gold purchases.

Digital gold companies approach Finmin for recognition, promise standardised practices

While buying digital gold is legal, there is still no clarity on whether it is regulated or formally recognised by any government authority. The SEBI advisory has caused concern among industry participants

Digital gold players to form self-regulatory organisation by Nov-end after SEBI caution

The investment in digital gold by Indians is estimated to be around Rs 55,000 crore, backed by physical gold kept in vaults managed by companies like MMTC, SafeGold and Brink’s

Dhanteras brings sparkle to digital gold sales, surge by 62% in October

The sale of digital gold through online platforms has been steadily rising all year, going up from Rs 762 crore in January this year to Rs 2,290 crore in October

Why is SEBI warning against digital gold?

SEBI has issued a stark warning about digital gold investments, revealing they operate in an unregulated space with no investor protections, despite their growing popularity among smartphone-savvy Indians

SEBI warns investors over unregulated ‘digital gold’; Tanishq, MMTC among key sellers

SEBI cautioned investors that none of the investor protection mechanisms applicable to the securities market would be available for investments in such digital gold or e-gold products.

RMG ban effect: WinZO forays into gold investments after microdramas ahead of Dhanteras

WinZO's digital gold feature will help the gaming platform further diversify its offerings after the government's ban on real-money games

How to invest in gold wisely during the festive season

The yellow metal can be purchased with simple investment plans similar to SIPs that let buyers spread out their expense over several months, making it affordable and helping people with budget management and long-term investment

PhonePe, Jar partner to launch 'Daily Savings' in digital gold, users can invest as low as Rs 10

Under this new product, users will be able to invest as little as Rs 10 per day and up to a maximum of Rs 5,000 per day in digital gold, “empowering individuals to build a consistent savings habit”

New credit card allows you to spend on Mastercard, UPI-linked Rupay. A Moneycontrol review

YES Bank and Anq have launched a co-branded card that gives you a physical card based on Mastercard and a complimentary, virtual add-on card on Rupay network. You can earn and accumulate gold based on the reward points you accrue.

Chart of the Day: Digital gold holdings are here to stay

Investors are gradually warming to non-physical forms of gold such as ETFs and SGBs

Bitcoin is here to stay, India should join the party 

With the SEC clearing Bitcoin ETFs, investors can now safely invest in another asset class

Finfluencers exist because traditional financial organisations and setups left a gap: MF experts

It's extremely important to educate people on personal finance from the school, said Nilesh Shah of Kotak AMC at a panel discussion on financial literacy at IFTA 2023.