The digital gold market has grown significantly with over 80 million customers opening digital gold accounts by March-end since 2012-13 when the first such account was launched — more than double the demat accounts in the country.
Two depositories, National Securities Depository and Central Depository Services, together had 35 million demat accounts at the end of 2018 and are estimated to cross 40 million by the end of 2019. Demat of shares was first launched in 1997.
Digital gold is gold purchased online from various platforms including Paytm or Google Pay and stored in your online account. In the last two years,