3 weeks ago

Digital Gold Could Unlock India's $5 Trillion Opportunity, Luniya Says

Digital Gold Could Unlock India's $5 Trillion Opportunity, Luniya Says
Digital Gold Can Unlock India's $5 Trillion Opportunity, Mahendra Luniya · freepressjournal.in

Gold is very important in India.

People buy gold as jewellery for festivals and weddings.

But most gold just sits inside lockers and does not work for anyone.

A businessman named Mahendra Luniya says we can make that gold useful by storing it digitally, like money in a bank app.

Digital gold lets people buy a tiny bit of gold for as little as ₹150.

You can keep saving small bits over time, just like a piggy bank app.

Later, you can use your digital gold to buy real jewellery for a wedding.

There is even a special receipt that lets gold move from a computer account to a jewellery shop.

Luniya says this can help India use its gold instead of importing so much new gold every year.

It is like turning a sleeping treasure into a helpful tool for the whole country.

Key facts

Speaker
Mahendra Luniya, Founder Chairman, Vighnaharta Gold Ltd
Platform
Simple Hai! podcast, hosted by Vivek Law
Gold price reference
Around ₹1.5 lakh per 10 grams
Minimum digital purchase
As little as ₹150
Key instrument
Electronic Gold Receipt (EGR), backed by physical gold in regulated vaults
India's gold imports
Hundreds of tonnes annually
Quality standardisation
BIS hallmarking and digital verification
Historical references
US gold policies in the Great Depression; India's gold pledge in the 1991 crisis

Quotes

Mahendra Luniya

Founder‑Chairman of Vighnaharta Gold Ltd

“"You can now buy gold for as little as ₹150," adding that digital ownership makes regular investing possible, much like a systematic investment plan (SIP).”
freepressjournal.in
“"Shares moved from paper certificates to demat accounts. Cash moved from wallets to UPI. Gold is now following the same path."”
freepressjournal.in

Sources

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