NSE's Electronic Gold Receipts: What are EGRs and what is in them for gold buyers?
· livemint.com
EGRs give people the option to convert their physical gold into electronic format, hold it and enjoy the upside in gold prices, and later sell it or convert back to physical gold. The gold’s purity is assured and can be bought in small quantities of 100 milligrams.
India is one of the world’s biggest gold importers. Indians buy gold for consumption and investment. Gold can be bought in various forms, including jewellery,...