Digital Gold Boom Faces SEBI Warning; New Regulations Coming Soon

• India saw a massive surge in digital gold purchases, with 12 tons bought online (₹16,670 crore) between Jan-Nov.
• Young investors are driving this trend, attracted by ease of purchase (as low as ₹1) and no physical holding issues.
• SEBI issued a warning, stating digital gold is unregulated and lacks official oversight, causing a market slowdown.
• India Bullion and Jewelers Association (IBJA) is forming a self-regulatory body, starting Jan next year, to verify physical gold reserves.
• New rules are expected by April next year; investors are advised caution and to choose reliable platforms.

Why It Matters: Digital gold is booming but faces regulatory gaps; new self-regulation and official rules are on the horizon.