Is it safe to invest in digital gold?

I want suggestions about digital gold that it is safe for investment or not?

Just buy SGB in the secondary market.

I agree with @MKDan.

I found an article about digital gold. Please go through this and do your own research before you invest.

Benefits of Investing in Digital Gold:

  • You can take physical delivery of the gold at your doorstep.
  • You can invest an amount as low as Re.1.
  • Digital Gold can be used as collateral for online loans.
  • Digital Gold is genuine and the purity is 24K 99.5% for SafeGold and 999.9 in case of MMTC PAMP purchases.
  • Your purchase is stored safely and is also 100% insured.
  • You can exchange digital gold for physical jewellery or gold coins and bullion.

Disadvantages of Investing in Digital Gold:

  • Limit of Rs.2 lakhs for investment on most platforms.
  • Lack of an official government-run regulating body such as RBI or SEBI.
  • Delivery and making charges are further applied to the price of gold.
  • In some cases, companies only offer a limited storage period, after which you either have to take physical delivery or sell the gold.

copied from financial express (nov 8 2020)