In our view, investing in digital gold or gold ETFs offers significant advantages over investing in physical gold. Physical gold incurs making charges, which vary between 7-15% depending on the seller, in addition to a 3% GST. In contrast, Gold ETFs are subject to a 12.5% tax on long-term capital gains. For instance, if the price of gold rises by 10% over a year, the gains from physical gold may be largely offset by the making charges and GST, while ETFs would provide a more profitable return. Furthermore, holding gold ETFs is safer and more cost-effective compared to owning physical gold.