Electronic Gold Receipt

Electronic Gold Receipt (EGR)

Electronic Gold Receipt (EGR) is a dematerialised instrument representing ownership of physical gold stored in vaults and issued through depositories NSDL and CDSL. 

Process flow of EGR creation and extinguishment

• Conversion of GOLD to EGR

• Conversion of EGR to GOLD 

EGR is available for trade on Exchange platform and are cleared and settled by NCL.

The NCL acts as the central counterparty and settlement entity, ensuring transparency, standardisation, Clearing, Settlement, Collateral management and Risk Management of trades in Electronic Gold Receipt segment on Exchange platform.