Mumbai, May 18 -- The National Stock Exchange of India (NSE) on Monday announced the commencement of live trading in the Electronic Gold Receipts (EGR) segment, marking a significant step in the development of India's gold trading ecosystem.

According to an NSE press release, live trading in EGRs became operational with effect from May 18 after the successful completion of a mock trading exercise conducted on May 16. The exchange said the trial was completed without any errors or system exceptions, enabling seamless commencement of live operations.

Electronic Gold Receipts are digital representations of physical gold and are aimed at creating a transparent and efficient mechanism for trading gold on exchanges. The launch is expected to ...