India weighs RBI-SEBI oversight and physical-backing rules for digital gold

Proposed rules would require every unit of digital gold to be backed by physical bullion, targeting investor-protection gaps and unregulated operators in a market estimated at $3 billion. Timing has not been specified.

— Source publishedMon, 21 Sept, 2026, 19:36 IST·First seen Mon, 21 Sept, 2026, 20:35 IST·Source Business Today · Latest

What happened

retail-company · India is considering RBI-SEBI oversight for digital gold, including mandatory physical bullion backing for each unit. The proposed rules aim to

Key facts

  • $3 billion estimated digital-gold assets
  • ₹100 average ticket size

What changed

India is considering RBI-SEBI oversight for digital gold, including mandatory physical bullion backing for each unit. The proposed rules aim to address investor-protection concerns, regulatory gaps and unregulated operators in a market estimated at $3 billion.

Why this matters

Digital-gold operators should prepare for RBI-SEBI oversight, auditable physical-bullion backing and higher custody compliance costs that could pressure margins but strengthen consumer trust.