Annual purchases of digital gold increased by 50%, Indian government warns of risks.

According to the Indian Economic Times reported on the 26th, despite the risk warning issued by the Securities and Exchange Board of India, digital gold investments in India have seen growth this year, with the purchase amount soaring nearly 50% compared to last year. The World Gold Council estimates that from January to November this year, Indian investors, mainly young buyers, have bought approximately 12 tons of digital gold. This figure is based on the transaction data of the first unified payment interface released by the Indian National Payments Corporation. Based on the Mumbai spot gold price on the 26th, one gram of pure gold is worth about 13892 Indian Rupees.