Mumbai, July 15 -- The National Stock Exchange of India (NSE) has entered into a strategic partnership with Augmont Enterprises Limited to strengthen the Electronic Gold Receipts (EGR) ecosystem in India, as per a statement by NSE.

The partnership seeks to bolster the exchange-regulated spot gold market by enhancing EGR creation, redemption, liquidity, delivery and price discovery.

"Through this partnership, the two organisations will work towards increasing market participation, improving liquidity and facilitating the adoption of EGRs among investors, jewellers and other market participants," the release added.

Speaking at the bell-ringing ceremony on Wednesday, NSE Managing Director and CEO Ashish Kumar Chauhan said the exchange's E...