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BSE India Launches Trading in Electronic Gold Receipts

Category : Business and economics
Published on: October 29 2022 Share on facebook

  • The Bombay Stock Exchange has launched Electronic Gold Receipt on its platform, a move that will help in efficient and transparent price discovery of the metal. 
  • It introduced two new products of 995 and 999 purity during the Muhurat trading on Diwali, and trading will be in multiples of 1 gram and deliveries in multiples of 10 gram and 100 gram.
  • The announcement came after the exchange last month received final approval from the Securities and Exchange Board of India (Sebi) for introducing EGR on its platform.
  • The launch of EGRs represents a significant milestone not only for the BSE but also for the global bullion industry.
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