EGR framework for gold may need an overhaul to revive India’s ambition as a price setter: Sebi chairman

Securities and Exchange Board of India (Sebi) chairman Tuhin Kanta Pandey on Saturday said the framework for electronic gold receipts (EGRs) may need an overhaul, while acknowledging that the EGR framework has not gained the desired traction so far. He also urged the industry to educate investors to trade only in regulated gold products.He said […]

Sebi warns investors against unregulated platforms offering digital gold products

Markets regulator Securities and Exchange Board of India (Sebi) on Saturday warned investors against digital or online platforms offering gold products as they pose significant risks to investors and could expose them to counterparty or operational risks.“It has come to Sebi’s attention that some digital/online platforms are offering investors to invest in ‘digital gold/e-gold products’. […]