Impact on demandThere seems to be no conclusive impact of demonetisation on gold. Emergence of digital goldWith the government’s push towards digital transactions, the market also saw the emergence of a new concept of digital gold. Paytm launched its first digital gold product earlier this year and recently Motilal Oswal Securities Ltd has also started offering a similar product. “It is not just digital gold, for every purchase made, real gold is put in a vault against your purchase. It does look like the impact of demonetisation was temporary on gold demand but overall digitization of the country will impact the way people buy and store gold.

Source: Mint November 07, 2017 11:26 UTC