Record volume in NSE’s electronic gold receipt trading on Dhanteras

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Highlights

Trading volume in the NSE electronic gold receipt segment reached 227,692 units on Dhanteras, setting a new record.
Notable issuance of NSE EGRs on Dhanteras reflects growing awareness and acceptance of the product.
Demand for buying gold through EGRs on a regulated and transparent exchange platform is growing, which could strengthen the organized gold ecosystem.

This article was translated from the original. Read the original version by our correspondent here.

Dhanteras demand and record trading

According to the National Stock Exchange of India, the NSE electronic gold receipt segment saw demand for fresh festive investments from across the country on Dhanteras, which was met by active gold suppliers in the segment. Trading volume reached 227,692 units during the session, setting a new record for the segment.

The exchange said that NSE EGRs also saw notable issuance on Dhanteras, traditionally considered an auspicious day to buy gold. This signals growing awareness and acceptance of the instrument.

NSE EGRs provide investors with an exchange-traded, demat form of gold ownership, combining the underlying value of physical gold with the transparency, security and efficiency of the securities market. The arrangement also provides a way to bring domestically available physical gold, including recycled gold, into the formal financial system.

Regulated market framework and sectoral significance

According to the exchange, unlike many digital gold platforms that operate outside a regulated framework, NSE EGRs allow participants to buy, hold and trade gold within a transparent and regulated market. With exchange-based trading, standardized clearing and settlement mechanisms, and regulatory oversight, this framework is emerging as a more structured and secure option for investors.

NSE Chief Business Development Officer Shriram Krishnan said that gold ownership is changing, and NSE EGRs offer an opportunity to hold gold’s underlying value more efficiently, transparently and securely, without holding the physical metal. He added that converting domestic and recycled gold into NSE EGRs could help organize India’s existing gold resources, strengthen the organized gold ecosystem and reduce dependence on gold imports.

The exchange presented the milestone as a reflection of its commitment to developing market instruments that meet investors’ changing preferences. Record trading and EGR issuance on Dhanteras also indicate that the role of such regulated products in India’s formal gold market could grow further.

Our previous report discussed NSE’s warning urging investors to avoid alleged dabba (illegal) trading, guaranteed returns and account management services offered through channels such as ‘Vicky Dhakad’ and associated ‘Trade Titan’/‘Dabba Trading’ channels. The article also highlighted the potential severe penalties under Section 23(1) of the SCRA, 1956, and noted that disputes involving such unauthorized platforms are not covered by the exchange’s dispute resolution and investor grievance redressal mechanisms.

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