What should you do if your jeweller offers you digital gold, instead of jewellery?
What should you do if your jeweller offers you digital gold, instead of jewellery? Apart from gold accumulation plans, jewellers offer self-funded digital gold options that may not be backed by refiners KHYATI DHARAMSI OCTOBER 08, 2022 / 09:55 AM IST Representative image This festive season, don’t be shocked if your good old jeweller offers you an app link to purchase digital gold instead of gold coins. So far, only government-accredited gold refiners such as MMTC-Pamp, Augmont and SafeGold offered digital gold through tie-ups with financial service providers and jewellery brands. Now, some jewellers have launched their own versions of digital gold, where third-party checks and balances of a custodian – who ensures the equivalent gold is stored in vaults after a customer’s digital purchase – might be missing. “Digital gold currently is being offered through third-party tie-ups. But since we have a good net worth, we are offering our own digital gol...