By Soniya:
The National Stock Exchange (NSE) has introduced Electronic Gold Receipts (EGRs) as a new market instrument for gold trading in India. EGRs are electronic records that represent ownership of physical gold stored in approved vaults under a regulated system.
EGRs are backed by gold of specified purity and weight and can be traded on recognised stock exchanges like other financial securities. The initiative aims to create a more transparent, standardised, and efficient gold trading ecosystem in the country.
With EGRs, investors can hold gold in dematerialised form without physically storing the metal. The system is integrated with regulated vaulting, assaying, and settlement mechanisms, ensuring security and authenticity in gold transactions.
India is one of the world’s largest gold consumers, and gold investments already include physical gold, Gold ETFs, sovereign gold bonds, and commodity trading. The launch of EGRs strengthens India’s exchange-based commodity market infrastructure and promotes digital gold ownership.
The NSE, established in 1992, is among India’s leading stock exchanges and continues to expand regulated financial products for investors and traders.
