NSE launches Electronic Gold Receipts for digital gold trading

The National Stock Exchange (NSE) has launched Electronic Gold Receipts (EGR) segment to formalise and bring transparency to India's vast gold market. These dematerialised securities represent physical gold stored in SEBI-accredited vaults and can be traded on the exchange, similar to stocks. NSE also confirmed the successful dematerialisation of a 1,000-gram gold bar into an EGR.