The National Stock Exchange of India (NSE) reported a record 227,692 Electronic Gold Receipts (EGRs) traded for Dhanteras, attributing activity to festival demand from across the country.
NSE said participating gold suppliers met that demand. It also reported significant creation of EGRs, without giving a separate count. NSE said Dhanteras is traditionally associated with gold purchases. Its announcement called the trading volume a segment record but gave no comparison with other sessions or data on activity after the festival.
The unit tally does not establish the quantity of gold or the value of transactions. NSE lists EGR products in sizes from 10 milligrams to one kilogram, but its announcement did not break the 227,692 units down by denomination or report rupee turnover. The record measures receipt activity, not a stated weight of gold traded.
NSE describes EGRs as exchange-traded securities linked to standardized gold, available in defined denominations and purities. Holders can keep receipts electronically and, under the exchange’s prescribed process, exchange them for physical gold; physical gold can also be converted into receipts. NSE identifies the Securities and Exchange Board of India (SEBI) as regulator for the segment and lists settlement as T+1.
The exchange says EGRs are designed to channel domestically available gold, including recycled supplies, through formal financial markets. NSE Chief Business Development Officer Sriram Krishnan said the receipts offer a way to retain gold’s intrinsic value in a “more efficient, transparent and secure form.” Krishnan said wider use could potentially reduce India’s dependence on gold imports.
