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KIIf you are investing in Digital Gold using platforms like PayTM, GPay, Jar, Gullak etc your investments are at a high risk says SEBI in the latest notification
SEBI does not regulate these platforms & hence unlike ETFs or Mutual funds, these investments have a risk beyond market risk, let me explain,
- Each of these platforms set their prices on their own. Unlike on an exchange where the buyer and seller sets the price. How do you know there is transperancy in the prices? They themselves can buy low and sell high to you.
- The most important, when you buy gold, how do you know they have that much physical gold available at the back end? No one is regulating it. In gold ETFs you actually have physical gold for every ETF unit issued. In digital gold if they are not able to manage this, it will turn into a catastrophy & you may loose your investments
- Plus you play 3% GST while buying digital gold which is not the case in Gold mutual funds / ETFs
Please rely on buying gold when ever you want using gold etf, gold mutual funds or physical gold.
#gold #digitalgold #paytm #gpay
@kirtanshahcfp
