The gold exchange would be a national platform to buy and sell EGRs issued against physical gold
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The government has notified the Securities and Exchange Board of India (Vault Managers) Regulations, 2021, to create electronic gold receipts (EGRs), which are electronic receipts issued on the basis of a deposit of physical gold. This would pave the way for the operationalization of a gold exchange in India. Sebi also issued the framework for gold exchanges.