WGC nudges govt to enforce its norms for buyers and sellers of digital gold

Council's guidelines have been designed to protect investors as well as to promote best practices among sellers

The World Gold Council (WGC) has developed a set of guidelines for digital gold, which includes norms for both, investors and service providers in this space. The standards, which have been designed to protect investors and promote best practices, highlight the fact that there is a need to provide for investors’ safety when they buy gold on the internet, especially in a prominent market for the metal like India. With this guidelines, the council has also nudged the government to issue regulatory norms for buying and selling digital gold in the country.

Physical gold bought online and stored on behalf