Overview
- SEBI issued a public caution on November 8, 2025 regarding 'Digital Gold/E-Gold' products promoted by certain digital platforms.
- The regulator said these offerings are neither notified as securities nor regulated as commodity derivatives, placing them outside its purview.
- SEBI highlighted significant counterparty and operational risks associated with such unregulated products.
- The advisory clarified that investor protection mechanisms available in the securities market will not cover investments in these products.
- Investors were urged to use regulated routes such as gold ETFs, electronic gold receipts traded on stock exchanges, and exchange-traded commodity derivative contracts, and to verify that intermediaries are SEBI-registered.