gold and tax evasion towards digital goldmany banks and other platforms are highlighting the benefits of digital gold as india continues its speedy forward march towards a digital india the shift towards digital gold could provide the silver lining to the vexing problem of the grey market digital gold can be bought for as low as re 1 as the name suggests all transactions of digital gold will be online ensuring transparency and accountability several big jewellery chains have online gold jewellery buying facilities but the mindset of the customer needs to change while the young executives and young female professionals could easily opt for buying digital gold or buy gold online the challenge could be making the elder generations who are the real big buyers of gold switch from buying gold physically to buying it online just by the look of it the move to go digital will also add to the efforts of transparency and traceability that the industry has been talking about the huid or the hallmark unique identification programme launched in 2021 aims towards this lower taxes could be great for the industry as well as the consumers that could also mean improved tax compliance resulting in higher collections for the government and all the stakeholders the key is to unlock the value of digital gold holding by making it on par with any other financial instrument ie converting it into a traceable financial asset the december 2020 edition of cii in economy matters says if only digital gold could shine half as bright as the real onedisclaimer content produced by times grey cell