CURRENT AFFAIRS

Detailed explanation-1: -ACM launches digital gold investment option on its platform | Mint.

Detailed explanation-2: -The leasing plan would be tied to metal bought by its customers since SafeGold launched a digital gold product in 2017. That allows Indians to buy bite-sized portions of gold online, with buyers able to take physical delivery if they have purchased at least one gram.

Detailed explanation-3: -Hyderabad-based fintech startup Dinero has partnered with MMTC-PAMP to offer digital gold for young Indians. With this launch, users have the opportunity to earn 999.9 percent pure gold at any time in the Money app, the company said in a press release.

Detailed explanation-4: -Sovereign Gold Bonds (SGBs) emerged as the most popular digital format of gold investment due to sweeteners like tax free return at maturity and annual interest payment to bond holders. Reserve Bank of India launched SGBs in 2015 while Gold ETFs came into existence in 2007.

Detailed explanation-5: -Currently, you can buy digital gold from MMTC-PAMP, SafeGold, Augmont Gold and many such companies. An individual can buy digital gold by visiting the websites of these entities. Many of these companies also have tie-ups with payment apps such as Paytm, Google Pay and PhonePe to buy and sell digital gold.