Auditors inspecting gold bullion in a high-security vault.
In response to growing regulatory scrutiny, digital gold providers are significantly stepping up transparency measures. This includes the implementation of independent audits and rigorous vault inspections, aimed at bolstering investor confidence in a sector that now serves approximately 80 million customers.
Industry bodies such as the Digital Gold Monetary Assets and Contracts Institute (DPMACI) and the India Bullion and Jewellers Association (IBJA) are reportedly leading the charge in establishing new industry standards. These standards are expected to cover the physical gold backing of digital gold products and mandate regular, independent inspections of vaults where the physical gold is held.
Despite a recent increase in import duties on gold, which might typically dampen investor sentiment, the digital gold market has shown resilience. Transactions on the Unified Payments Interface (UPI) platform remain robust, indicating sustained investor interest in digital gold as an accessible and increasingly transparent investment avenue.
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