Sebi issues guidelines for operationalizing gold exchanges in India
The gold exchange would be a national platform to buy and sell EGRs issued against physical gold
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.
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