From The Tribune
Center Owned by The Tribune TrustNSE pushes gold-backed EGRs on Dhanteras, sees potential to cut imports by USD 5–6 billion annually
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center · 1 outlet
The National Stock Exchange (NSE) has urged investors to purchase Electronic Gold Receipts (EGRs) instead of physical gold this Dhanteras, adding India could avoid gold imports worth USD 5–6 billion annually if gold funds held NSE EGRs and lent half of their combined 116-tonne gold holdings.
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right · 1 outlet
The exchange is seeking to bring domestically recycled gold and household holdings into the formal financial system through electronic receipts
RSS excerpt
The National Stock Exchange (NSE) has urged investors to purchase Electronic Gold Receipts (EGRs) instead of physical gold this Dhanteras, adding India could avoid gold imports worth USD 5–6 billion annually if gold funds held NSE EGRs and lent half of their combined 116-tonne gold holdings.