Digital gold investment: What is Digital Gold

What is Digital Gold? Digital Gold is a type of gold investments, in which you can buy units of gold online. These units are stored in secure vaults free of cost. The purchased gold can be easily sold at any time and redeemed for physical gold of the same quantity. You can start investing in digital gold with just ₹ 11. Digital Gold is offered in partnership with MMTC PAMP. 'Tanishq Digital Gold is a trusted and transparent method of purchasing 24 Karat pure gold to help you start your golden savings journey with the trust of Tata and powered by SafeGold. The growing lure of ‘digital gold’ Despite these legitimate options, the regulator has noticed that several digital and online platforms are now offering what they call 'Digital Gold' or 'E-Gold Products.' Sebi has stated that digital gold is being marketed as an alternative investment to physical gold. Digital gold is a modern way to invest in gold through online platforms. Instead of purchasing physical coins or bars, investors buy small quantities of gold digitally, and the company claims to store the equivalent physical gold in secure vaults.