The Securities and Exchange Board of India (SEBI) has issued a fresh warning to investors about trading in digital gold, highlighting the risks associated with unregulated platforms. While digital gold has gained immense popularity for its convenience and affordability, SEBI’s caution underscores the absence of a clear legal framework governing such products. In contrast, Gold Exchange-Traded Funds (ETFs)—which operate under SEBI’s regulatory ambit—offer enhanced safety, transparency, and liquidity.