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NSE Partners with Augmont to Boost Electronic Gold Receipts Market
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News18•27-09-2026, 20:00
NSE Partners with Augmont to Boost Electronic Gold Receipts Market
- •The National Stock Exchange (NSE) has partnered with Augmont Gold Tech to promote electronic gold receipts (EGRs) and deepen India’s organized gold market.
- •Augmont will provide technical and on-ground support, leveraging its experience across the gold value chain to simplify EGR creation and extinguishment.
- •The collaboration aims to facilitate the conversion of physical gold into EGRs and back, within a regulated ecosystem.
- •EGRs are dematerialized securities representing physical gold stored in Sebi-accredited vaults, offering liquidity and flexibility in smaller denominations.
- •This partnership seeks to strengthen the gold trading ecosystem by improving price discovery, market participation, transparency, and trust among stakeholders.
Key Questions Answered
The National Stock Exchange (NSE) has empanelled Augmont Gold Tech as a key partner to simplify the creation and extinguishment of electronic gold receipts (EGRs) and promote their trading, aiming to deepen India's organised gold market.
EGRs are dematerialised securities that represent ownership of physical gold securely stored in Sebi-accredited vaults and held electronically through depositories, with each receipt being fully backed by physical gold.
EGRs improve price discovery, market participation, transparency, and trust among stakeholders while allowing investors to participate in the gold market in smaller denominations with the flexibility of demat holdings.
