PTI
NSE Launches Electronic Gold Receipts
NEW DELHI: (May 4) The National Stock Exchange of India (NSE) on Monday launched Electronic Gold Receipts (EGRs) as a new segment, in a bid to create a more transparent and efficient price discovery of the yellow metal.
The move is expected to bridge the age-old gap between physical gold and the financial markets by offering a regulated, secure, and technologically-advanced platform for trading in the precious commodity, the exchange said in a statement.
EGRs are dematerialised securities representing ownership of physical gold, which is securely stored in Sebi-accredited vaults and held electronically through depositories. Each EGR is fully backed by physical gold and is tradable on the exchange, seamlessly integrating gold into the formal financial system.
