NSE partners with Augmont to deepen electronic gold market, reduce reliance on imports

NSE has partnered with Augmont to deepen India's electronic gold market through Electronic Gold Receipts (EGRs), aiming to formalise the estimated 30,000-35,000 tonnes of privately held gold and reduce import dependence. EGRs allow physical gold to be held, traded, pledged, redeemed and lent through the exchange framework, with gold imports at about $71.98 billion in FY26. The collaboration will leverage Augmont's capabilities in EGR creation, redemption, liquidity provision and price discovery to boost participation from investors, jewellers and refiners.