Nithin Kamath, Zerodha co-founder and CEO, has issued a warning to investors buying digital gold as it is unregulated. The 46-year-old said investors lose nearly 6 per cent the moment they purchase digital gold due to 3 per cent of GST and another 2-3 per cent for other things, including taxes and platform fees. Kamath’s warning comes days after the market regulator Sebi issued an advisory cautioning investors to avoid unregulated products like digital gold.

Nithin Kamath on digital gold

In a post on X, Kamath wrote, "Digital gold is unregulated. A timely reminder from SEBI. Most people don’t realise that nobody regulates digital gold, and if something were to happen to the platforms or companies selling it, there’s not much you can do."

He added that buying digital gold is an expensive

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