Digital Gold
Gold you buy online in small fractions, backed 1:1 by insured physical gold in a vault. Sold by MMTC-PAMP, SafeGold, Augmont and apps like PhonePe, Paytm.
Digital gold is not a share or a derivative, it is actual physical 24K gold stored in an insured vault on your behalf. You can sell it back any time, convert to a physical coin (delivery + making charge applies), or hold indefinitely. Unlike SGB, it is not government-backed; it operates on a trustee model. As of 2026, SEBI has proposed regulation but no regulator has direct oversight.