Electronic Gold Receipts: India’s Regulated Framework for Trading Physical Gold as a Security
India has long been one of the world’s largest consumers of gold, yet the market for physical gold has historically remained fragmented, opaque, and largely outside the ambit of formal financial regulation. The introduction of Electronic Gold Receipts (“EGRs”) marks a significant departure from this status quo. By bringing physical gold within the fold of securities law, the Securities and Exchange Board of India (“SEBI”) has sought to create a transparent, exchange-traded ec
Sumit Yadav
Jun 2210 min read





