The NSE will begin trading in Electronic Gold Receipts (EGRs) from today, May 18, marking a major shift in the evolution of gold investing in India. The market shall operate from Monday to Friday between 9:00 am and 11:30 pm, or until 11:55 pm during the U.S. daylight saving time period. The settlement cycle follows a T+1 format. Key participants in the market include retail investors, jewellers, bullion traders, refineries and other stakeholders.
The launch of EGRs by the National Stock Exchange represents one of the most significant structural changes in India’s organised gold market in recent years. The product allows investors to own gold in electronic form, while being backed by actual physical gold stored in SEBI-regulated vaults. Ownership is reflected directly in an investor’s demat account, much like shares and other exchange-traded securities.
