Digital gold platforms commission EY, Grant Thornton audits as SEBI eyes 80M-customer category

SafeGold, MMTC Pamp and Augmont have routed book and vault audits through newly formed industry body DPMACI, engaging EY and Grant Thornton to pre-empt regulatory action. The unregulated category serves 80 million customers and holds 1.54 tonnes of gold, but volumes are down 38% from January peaks amid 15% import duty pressure.

— Source publishedSat, 20 Jun, 2026, 01:11 IST·First seen Sat, 20 Jun, 2026, 01:23 IST·Source ET Small Business

What happened

Digital gold players including SafeGold, MMTC Pamp and Augmont have engaged EY and Grant Thornton for book and vault audits via newly formed DPMACI, pushing

Key facts

  • 80 million customers
  • Rs 24 billion
  • $256 million
  • 1.54 tonnes
  • 15% import duty
  • down 38% from January peak

Why this matters

DPMACI's formation creates a consolidation vector—players outside the SafeGold/MMTC Pamp/Augmont audit perimeter become acquisition targets or exits as compliance costs rise.