Securities and Exchange Board of India (SEBI) Press Release PR No. 70/2025, dated November 08, 2025, cautions the public regarding dealing in 'Digital Gold'.
SEBI has enabled investments in gold and gold-related instruments through regulated products such as exchange-traded commodity derivative contracts, Gold Exchange Traded Funds (ETFs) offered by Mutual Funds, and Electronic Gold Receipts (EGRs). These investments must be made through SEBI registered intermediaries and are governed by SEBI's regulatory framework.
SEBI has observed that some digital/online platforms are offering investors the opportunity to invest in 'Digital Gold/E-Gold Products,' marketed as an alternative to physical gold. SEBI clarifies that these digital gold products differ from SEBI regulated products, are neither notified as securities nor regulated as commodity derivatives, and operate outside SEBI's purview. Such digital gold products may entail significant risks and expose investors to counterparty and operational risks.
Investors are advised that investor protection mechanisms under securities market purview are not available for investments in Digital Gold/E-Gold products.
For further information, contact the Communications Division, SEBI Bhavan, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051. Telephone: +91-22-26449000. Email: press@sebi.gov.in. Website: www.sebi.gov.in.
Key Entities Referenced
SEBI: Securities and Exchange Board of India, the primary regulator.
Digital Gold: Unregulated digital gold/E-Gold products marketed as investment opportunities, distinct from SEBI-regulated gold products.
SEBI regulated gold products: Gold and gold-related instruments regulated by SEBI, including Exchange Traded Funds (ETFs) and Electronic Gold Receipts (EGRs).
Mumbai: Location where the press release originates.
PR No.70/2025
Caution to public regarding dealing in ‘Digital Gold’
SEBI has enabled investments in gold and gold related instruments through various SEBI
regulated gold products. These are exchange traded commodity derivative contracts, Gold
Exchange Traded Funds (ETFs) offered by Mutual Funds and Electronic Gold Receipts
(EGRs) tradeable on stock exchanges. Investments in these SEBI regulated gold products
can be made through SEBI registered intermediaries and are governed by the regulatory
framework prescribed by SEBI.
It has come to the notice of SEBI that some digital/online platforms are offering investors
to invest in ‘Digital Gold/E-Gold Products’. Digital Gold is being marketed as an alternative
for investment in physical gold.
In this context, it is informed that such digital gold products are different from SEBI
regulated gold products as they are neither notified as securities nor regulated as
commodity derivatives. They operate entirely outside the purview of SEBI. Such digital gold
products may entail significant risks for investors and may expose investors to counterparty
and operational risks.
Investors / participants are made aware that none of the investor protection mechanisms
under securities market purview shall be available for investments in such Digital Gold/ E-
Gold products.
Mumbai
November 08, 2025
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