NSE Registers Record Electronic Gold Receipt Volumes on Dhanteras

MUMBAI — The National Stock Exchange of India (NSE) registered its highest-ever trading volumes in the Electronic Gold Receipts (EGR) segment on the occasion of Dhanteras, marking a significant milestone for the country’s organised bullion market.

Festive trading in the exchange-traded instrument reached 2,27,692 units, establishing a new volume record for the segment, according to data released by the NSE. The festive period, which is traditionally marked by the purchase of precious metals, generated fresh demand for EGRs from participants across the country.

Active gold suppliers participated in the segment to meet festive interest, resulting in the significant creation of new receipts on the exchange.

NSE EGRs provide investors with an exchange-traded, dematerialised form of holding gold. The instrument combines the intrinsic value of physical gold with the transparency, security, and efficiency of the securities market ecosystem. Operating under regulatory oversight with standardised clearing and settlement mechanisms, EGRs contrast with several digital-gold platforms that operate outside the regulated framework.

Additionally, the instrument serves as a route to mobilise domestically available physical gold, including recycled supplies, into the formal financial system.

Sriram Krishnan, Chief Business Development Officer at the NSE, noted that the product provides a structural shift for domestic market participants looking for regulated holding mechanisms.

“NSE EGRs offer an opportunity to retain the intrinsic value of gold in a more efficient, transparent and secure form, without necessarily holding the physical metal. NSE EGRs represent an evolution in gold ownership as the value of gold remains the same irrespective of whether it is held physically or in dematerialised form,” Krishnan stated.

Krishnan also addressed the macroeconomic aspects of moving physical holdings into exchange-traded formats. By encouraging the conversion of domestically available and recycled gold into NSE EGRs, the mechanism helps mobilise India’s existing gold resources, strengthens the organised gold ecosystem, and potentially reduces dependence on gold imports.

“The record volumes and EGR creation witnessed on Dhanteras are encouraging indicators of the growing acceptance of this instrument. We are certain that more investors and market participants will embrace NSE EGRs as a modern, regulated and efficient way of participating in India’s gold market,” Krishnan added.

This trading milestone reinforces the NSE’s broader focus on building regulated market products that align with shifting investor requirements while developing domestic gold market infrastructure.

"The record trading volumes in Electronic Gold Receipts on the NSE during Dhanteras highlight a clear shift in how traditional assets are consumed through formal financial channels. By offering a regulated, dematerialised alternative to physical bullion, EGRs provide transparency and liquidity while helping mobilise domestic gold resources into the formal economy. This development signals positive momentum for structured financial products in India." — Dr. Shishir Gupta, Founder & CEO, StartupLanes