NSE launches Electronic Gold Receipts trading. The National Stock Exchange of India commenced live trading in Electronic Gold Receipts on May 18 following successful mock trading exercises. EGRs are digital representations of physical gold designed to create transparent and efficient gold trading mechanisms on exchanges. The launch is expected to deepen participation in India's organised gold market and improve price discovery. Valuing and collection centres are now operational in Ahmedabad and Mumbai, with four additional centres in Delhi, Kolkata, Chennai and Bengaluru being activated immediately. NSE plans to expand this network to approximately 120 centres across the country over time. This initiative represents a significant step in formalising gold trading and establishing a regulated spot market structure for precious metals in India.
