As per SEBI’s circular issued on 8th September 2025, investors are being cautioned about digital gold the kind sold on popular apps like PhonePe, Paytm etc .
SEBI made it clear that digital gold is not regulated by either SEBI or RBI. This means your “gold” isn’t actually held or guaranteed by any government authority. It sits with private companies refiners, vault operators, and sellers and if any of them go under, your investment could disappear.
Most users never check the fine print. Digital gold often comes with:
• Price spread between buy and sell rates
• GST on purchase
• Extra charges if you convert to physical gold
It’s easy to buy, hard to verify, and carries counterparty risk that investors often overlook.
In short, digital gold isn’t the same as holding gold it’s just gold on paper.
Would you still trust it for long-term wealth building?