Current Affairs · Financial Markets and Capital Instruments
According to the National Stock Exchange (NSE), what are Electronic Gold Receipts (EGRs)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Financial instruments that allow trading of virtual gold without any real physical gold backing
- 2Physical receipts provided by local jewellers for tax exemptions on gold
- 3Dematerialised securities representing ownership of physical gold stored safely in SEBI-accredited vaults✓
- 4Digital currencies introduced by the RBI for global gold imports
Correct answer
Dematerialised securities representing ownership of physical gold stored safely in SEBI-accredited vaults
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