The exchange said the rollout has been seamless, with all systems functioning as designed.
The launch has received “overwhelming response” from market participants, the exchange added.Expansion of infrastructure
As part of the rollout, vaulting and collection centres for EGRs are currently operational in Ahmedabad and Mumbai. The exchange said four additional centres—in Delhi, Kolkata, Chennai and Bengaluru—are being activated from Sunday.
NSE also plans to expand the network further in phases, with up to 120 collection centres expected to be set up across the country over time.What are Electronic Gold Receipts (EGRs)?
EGRs are exchange-traded instruments that represent ownership of physical gold stored in secured vaults. Each receipt is backed by a specified quantity of gold, allowing investors to trade gold in a dematerialised format, similar to shares.
They are designed to improve price discovery, reduce reliance on physical handling of gold, and bring greater transparency and efficiency to the domestic bullion market.
How investors can use EGRs
Investors can buy and sell EGRs on the stock exchange through their trading accounts, just like equities. The underlying gold is stored in authorised vaults, and ownership is transferred electronically upon trade execution.
In some cases, holders may also have the option to convert EGRs into physical gold, subject to the exchange’s rules and applicable charges.
The exchange said the introduction of EGRs is expected to deepen India’s gold market ecosystem by integrating physical bullion with exchange-based trading infrastructure.
