NSE partners with Augmont to simplify physical to digital gold conversion

The National Stock Exchange of India has empanelled Augmont Gold Tech as a partner to simplify the conversion of physical gold into Electronic Gold Receipts (EGRs), aiming to promote digital gold trading and deepen India's formal gold market.

The National Stock Exchange of India has empanelled Augmont Gold Tech as a key partner to simplify the conversion of physical gold into Electronic Gold Receipts (EGRs) and promote trading in digital gold instruments, as part of efforts to deepen India’s formal gold market.

Strengthening the Digital Gold Framework

Under the partnership, Augmont, a subsidiary of Augmont Enterprises, will provide technical and on-ground support for the development of the EGR product and help strengthen the digital framework for its creation and extinguishment, NSE said in a press release.

The partnership is expected to make it easier to convert physical gold into EGRs and convert the receipts back into physical gold within the regulated ecosystem.

NSE said the move would support price discovery, improve market participation and strengthen trust among jewellers, refiners, traders and institutional investors.

Understanding Electronic Gold Receipts (EGRs)

EGRs are dematerialised securities representing ownership of physical gold stored in SEBI-accredited vaults and held electronically through depositories. Each receipt is backed by physical gold and can be traded on the exchange, allowing gold to be integrated into the formal financial system.

Leadership on the Collaboration

“The empanelment of Augmont marks an important step in building a deep and vibrant ecosystem for Electronic Gold Receipts,” Sriram Krishnan, Chief Business Development Officer at NSE, said.

He said the partnership would simplify the creation and extinguishment of EGRs and make gold investment more accessible to investors across the country.

NSE expects the partnership to support greater participation in EGRs and position gold as a modern, integrated asset class within capital markets.

Augmont Whole-Time Director Ketan Kothari said the company would combine its experience in refining, sourcing and distribution of gold with NSE’s technology and market infrastructure to make the conversion between physical and electronic gold “simpler, faster and more transparent”.

Expanding Gold Investment and Market Reach

The exchange said EGRs can also enable investors to participate in the gold market in smaller denominations while providing greater liquidity and flexibility similar to other financial instruments held in demat form.

NSE began operations in 1994 and was the first exchange in India to implement electronic trading. It said it was the world’s largest derivatives exchange by trading volume in calendar 2025 and ranked third globally in the equity segment by number of trades. (ANI)

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