Which of the following gold investment product is not regulated by SEBI?

SEBI has enabled investments in gold and gold related instruments through various SEBI regulated gold products. These are: • exchange traded commodity derivative contracts, (like gold futures and options) • Gold Exchange  Traded  Funds  (ETFs)  offered  by  Mutual  Funds  and • Electronic Gold Receipts (EGRs) tradeable on stock exchanges.  Investments in these SEBI regulated gold products can be made through SEBI registered intermediaries and are governed by the regulatory framework prescribed by SEBI. Some digital/online platforms offer investors ‘Digital Gold/E-Gold Products’, as an alternative for investment in physical gold. Such  digital  gold  products  are  different  from  SEBI regulated  gold  products  as  they  are  neither  notified  as  securities  nor  regulated  as commodity derivatives.