BSE, MMTC-PAMP partner to boost India’s electronic gold receipts market

Thu Oct 22 2026

Under the partnership, BSE will launch EGR contracts in multiple denominations and enable seamless conversion between physical gold and electronic receipts.

BSE Ltd and MMTC-PAMP India Private Ltd on Thursday signed an agreement to jointly develop and expand India’s Electronic Gold Receipts (EGR) market, marking a significant step toward formalising the country’s gold trading ecosystem.

Under the partnership, BSE will launch EGR contracts in multiple denominations and enable seamless conversion between physical gold and electronic receipts. MMTC-PAMP, India’s only London Bullion Market Association (LBMA)-accredited gold and silver refiner, will contribute its expertise in bullion refining, assaying and EGR creation and redemption processes.

EGRs are SEBI-regulated, exchange-traded securities that allow investors to hold gold in dematerialised form within demat accounts. BSE, the first Indian exchange to introduce EGR trading, currently offers contracts in denominations of 100 mg, 1 gram and 10 grams at fineness levels of 999 and 995.

Source: https://www.thehindubusinessline.com