Daijiworld Media Network – Mumbai

Mumbai, Nov 13: Zerodha co-founder and CEO Nithin Kamath has cautioned investors against purchasing digital gold, calling it an unregulated and costly investment option. His warning comes soon after the Securities and Exchange Board of India (SEBI) issued an advisory urging investors to stay away from unregulated products like digital gold.

In a post on X, Kamath explained that most people are unaware that digital gold is not regulated by any authority, which leaves investors with little protection if the platforms selling it face issues. He said that buying digital gold can immediately result in a loss of nearly six percent due to taxes and price spreads.

Kamath pointed out that investors pay three percent GST at the time of purchase, along with anoth

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