New regulated digital gold products from NSE and Dhan promise 999 purity and physical delivery from 100mg to 1kg across 75 cities. Yet 3% GST, 40-50bps conversion costs and limited vault access blunt appeal. With Q1FY26 gold demand at $25B and MCX prices up 122% in two years, branded jewellers — not hybrid products — are capturing the retail wallet.

Mint · Markets · 5/15/2026, 12:45:35 AM

Inc42's D2C 3.0 Report crowns Delhi NCR India's biggest D2C hub with $3.5 Bn across 434 deals, edging out Bengaluru ($3.4 Bn) and Mumbai ($2 Bn). D2C is set to capture ~86% ($245 Bn) of India's $285 Bn ecommerce GMV addition through 2031. Zaggle posts ₹40.6 Cr Q4 profit, guides 25-40% FY27 growth.

Inc42 · 5/14/2026, 2:38:02 AM