Industry-led talks with Indian regulators indicate plans for a structured framework to oversee digital gold, aiming to enhance consumer safeguards and market transparency as the sector gains momentum.
India could get a formal framework for digital gold as early as next year, after an industry-led self-regulatory body held talks over the past month with the finance ministry, the Reserve Bank of India and the consumer affairs ministry. The Digital Precious Metals Assurance Council of India, set up three months ago by companies including SafeGold, MMTC-PAMP, Augmont, PhonePe and Gullak, says the talks are focused on protecting buyers and keeping out operators that could misuse the fast-growing market.
Digital gold is currently available to buy and sell, but it does not sit within a clear regulatory perimeter. According to industry and legal explainers, that has left investors relying largely on platform disclosures rather than a dedicated rulebook, even as the product has gained traction with retail buyers looking for a small-ticket route into gold ownership.
The contrast with regulated gold products is stark. SEBI has already drawn a line between unregulated digital gold offerings and instruments such as gold exchange-traded funds and electronic gold receipts, which fall under formal oversight. SEBI chief Tuhin Kanta Pandey has also said the regulator is not drafting new rules for digital gold, underscoring why the industry is now pushing for a separate framework that could bring clearer standards, consumer safeguards and more accountability.
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