Electronic Gold Receipts (EGRs) are a new exchange-traded security representing ownership of physical gold stored in SEBI-regulated vaults, combining the convenience of electronic investing with the backing of physical gold. This reform aims to standardize gold pricing, ensure purity, and provide a regulated investment avenue, making it a key topic for financial market and regulatory framework questions in exams.
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- ›Launch Date (NSE): May 2026
- ›First Bourse to Launch: BSE (Oct 24, 2022)
- ›Target this Data: NSE launched EGRs in May 2026; BSE launched first on Oct 24, 2022; Purity 999 and 995; Denominations: 10mg, 100mg, 1g, 10g, 100g, 1kg; T+1 settlement; 3% GST on physical delivery.
- ›Target this Nodal Body: SEBI (Securities and Exchange Board of India)
- ›Target this Legal Point: Securities Contracts (Regulation) Act, 1956; SEBI (Vault Managers) Regulations, 2021.
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