InvestorQ : When is BSE planning to launch its trading in Electronic Gold Receipts?
Tisha Malhotra made post

When is BSE planning to launch its trading in Electronic Gold Receipts?

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Aashna Tripathi answered.
2 months ago
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Just one week after SEBI allowed trading in electronic gold receipts (EGRs) the BSE has announced that it was ready with the technology to introduce EGRs on its platform. The EGRs are supposed to help create uniform spot prices for gold across India. BSE will need the approval of SEBI before launching EGRs on its platform.

EGRs have been classified by SEBI as securities under the SCRA. To begin with, BSE plans to launch EGRs with denominations of 100 grams and 1 KG and later expand to smaller denominations to get retail investors interested. BSE also plans to empanel vault service providers (VSP) who will issue and administer the EGRs.

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