NSE Launches EGR Platform to Boost Transparency in Gold Trade

The National Stock Exchange of India (NSE) has announced the launch of Electronic Gold Receipts (EGRs), a new trading segment aimed at bringing greater transparency, efficiency, and formalisation to India’s gold market.

According to the exchange, EGRs are dematerialised securities that represent ownership of physical gold stored in vaults accredited by the Securities and Exchange Board of India (SEBI). These receipts are held electronically through depositories and are fully backed by physical gold, allowing investors to trade them seamlessly on the exchange.

The initiative is designed to bridge the gap between physical gold and financial markets by offering a regulated and secure trading platform. Investors will be able to hold gold in electronic form with assured quality and convert it into physical gold when required.

EGRs also allow participation with smaller investment sizes, improving liquidity and flexibility similar to other dematerialised financial instruments. The NSE said the move is expected to enhance price discovery, expand market participation, and build greater trust among stakeholders, including jewellers, refiners, traders, and institutional investors.

With this launch, the exchange aims to create a robust ecosystem that integrates gold trading into the formal financial system while ensuring transparency and efficiency across the value chain.