Digital gold buying: The safe haven metal has a timeless appeal among investors.
Indian women are gradually taking charge of their finances through strategic decision-making, entrepreneurship and family asset management
Sales may decline 5% due to a Sebi ban on buying digital gold from stock brokers.
Leading retailers foray into digital gold segment with add-on facility of redemption through ornament form.
SEBI is planning to fill the regulatory vacuum in this particular asset class that is gaining popularity amongst the new-age investors.
The company is planning on scaling it up by marketing it digitally as the gold buying increases from October
The electronic form of gold has gained a lot of popularity among investors of late as it is a more affordable form of holding gold.
“Digital gold units are not issued by any regulated entity," said Vijay Singhania, Chairman, TradeSmart.
Motilal Oswal Financial Services, who were distributors of the digital gold product MMTC-PAMP, will refrain from distribution of this product
Cumulative demand of all types of gold in India is down by 246 tonnes in 2020, WGC data shows