The National Stock Exchange of India (NSE) launched Electronic Gold Receipts (EGRs) on May 4, 2026, marking a significant step towards modernising the gold trading ecosystem in India. EGRs are dematerialised securities that represent ownership of physical gold stored in vaults accredited by the Securities and Exchange Board of India (SEBI). This initiative aims to enhance transparency and efficiency in the gold market, enabling better price discovery and broader participation from jewellers, refiners, traders, and institutional investors. The NSE successfully demonstrated the conversion of a 1,000-gram gold bar into an EGR, showcasing how physical gold can be transformed into a tradable electronic instrument. According to Sriram Krishnan, chief business development officer at NSE, EGRs provide a secure digital pathway for gold investment, improving accessibility and transparency for investors. This mechanism allows for electronic holding of gold with assured quality and facilitates convertibility between physical and digital formats, ultimately improving liquidity and enabling participation in smaller denominations.