India’s digital precious metals industry has launched the Digital Precious Metals Assurance Council of India (DPMACI) to strengthen consumer protection and trust. Chaired by Nirupama Soundararajan, the self-regulatory body will set and enforce operational and governance standards, including 1:1 physical backing verification and insured vaulting, as digital gold and silver adoption accelerates.
Gold and silver prices rose this week as markets reacted to US Iran ceasefire signals and positioned themselves ahead of the US nonfarm payrolls report. Gold led gains and was on track for a weekly increase, while silver, platinum, and palladium also climbed. Analysts warn the trend could remain choppy as geopolitics and interest rate expectations shift.
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Bitcoin’s “digital gold” pitch is losing traction as traders shift toward precious metals. Gold and silver funds pulled in strong inflows, but Bitcoin-linked funds saw withdrawals. In response, crypto-native platforms are expanding commodity perps, betting investors want both hedges and speculative exposure amid dollar weakness and macro uncertainty.
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