NSE launches Electronic Gold Receipts to formalize India's gold market. The National Stock Exchange introduced EGRs effective May 4, 2026, creating a regulated platform that bridges physical gold and financial markets. These dematerialised securities represent ownership of physical gold stored in SEBI-accredited vaults and can be traded electronically. Each EGR is fully backed by physical gold, enabling efficient price discovery and market participation. The launch aims to integrate gold into the formal financial system, benefiting jewellers, refiners, traders, and institutional investors. NSE successfully demonstrated converting a 1000-gram gold bar into an Electronic Gold Receipt, showcasing the system's capability. This initiative represents a significant evolution in how India's investors interact with gold as a modern, integrated asset class within capital markets.
