In India, gold is not just a jewel, it is the oldest way of saving, but keeping gold also has its own difficulties – fear of theft, lack of assurance of purity, and loss while selling. Now the solution to all these problems has come. National Stock Exchange i.e. NSE has started a new method on 4th May 2026 which is called Electronic Gold Receipt i.e. EGR.
If we understand EGR in simple language, it is a digital receipt of gold. Your gold remains safe in a government recognized safe and the receipt is credited to your demat account. Just like the shares of a company appear in the demat. On the day of launch, NSE itself kept the one kg gold brick in the vault, created a digital receipt for it and listed it on the exchange.
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How does it work?
First the real gold is stored in a SEBI approved vault. There its purity and weight is checked. After verification, the same number of EGR units are credited to your demat account. Then you can buy and sell them like shares. Trading timings are from 9 am to 11:30 pm Monday to Friday. The money is accounted for on the next business day of purchase and sale.
It is not necessary to buy the full 10 grams or kg. Can be purchased in units ranging from 100 mg to one kg. Talking about purity, it is available in both 999 i.e. 24 carat and 995. There is complete guarantee of purity as the gold is kept in a SEBI approved safe. No making charges, no fear of adulteration.
What if you want real gold?
You can withdraw real gold anytime. For this, request has to be given between 10 am to 3 pm. The request remains valid for three days. After that your digital receipt is closed and you get the real gold. One special thing is that you can withdraw the gold deposited in Mumbai from any recognized safe in Delhi, Ahmedabad or anywhere in the country.
Common investors, jewellers, gold traders and big companies can all participate in it. All you need to do is have a demat account. KYC will have to be completed through PAN, Aadhaar and bank account. If you want to take real gold home, then 3% GST and safe deposit charges will be levied separately.
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Tried earlier also
Bombay Stock Exchange i.e. BSE started it on Diwali Muhurat trading in 2022 but then it did not last long. Now NSE has launched it again with full preparation. India is one of the largest gold purchasing countries in the world, but large gold trade still happens without any rules and regulations. Price different in every city, no assurance of purity. EGR is an attempt to eliminate this entire problem. Big companies like Titan, Kalyan Jewelers will also benefit from this. This step of NSE is an attempt to make gold as transparent and easy as the stock market.
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