NSE launches Electronic Gold Receipts, a new way to invest in gold. EGRs are digital assets representing physical gold stored in SEBI-registered vaults, tradable through stock exchanges like shares. Investors can buy gold in small quantities starting at 100 milligrams with guaranteed purity of either 999 or 995 fineness. Unlike traditional gold purchases, EGRs offer flexibility to convert between digital and physical formats while enjoying price appreciation. The product addresses India's massive gold consumption by providing an accessible, regulated investment option across income groups. Existing physical gold owners can deposit their holdings with a Vault Manager to create EGRs, streamlining gold investment and trading in the digital economy.
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