NEW DELHI: SEBI Chairman tuin Counter Pandey has said the market regulator will closely examine the key issues that are preventing Electronic Gold Receipts (EGRs) from evolving into an effective and widely accepted benchmark for gold price discovery in India.
Speaking at an event organised by the Commodity Participants Association of India (CPAI), Pandey said the regulator is analysing a range of structural, operational and regulatory challenges that have limited the adoption of EGRs since their introduction.
The review forms part of SEBI’s broader strategy to strengthen the commodities market ecosystem and deepen participation across commodity segments.
One of the critical areas under scrutiny is the impact of Goods and Services Tax (GST)-related issues, which market participants believe may be acting as a friction point for liquidity and wider acceptance of EGRs.
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