Mumbai, May 28 -- National Stock Exchange of India (NSE) has partnered with Sequel Logistics for the creation and vaulting of Electronic Gold Receipts (EGRs), marking the collaboration with a ceremonial bell-ringing event to commemorate the commencement of EGR trading on the exchange.

Electronic Gold Receipts (EGRs) are exchange-traded instruments backed by physical gold stored in secure vaults. They allow investors to trade gold in electronic form while ensuring that each receipt is supported by underlying physical gold.

Under the partnership, Sequel Logistics will provide vaulting services through its network of 23 vaults across the country, where investors and market participants will be able to create and extinguish EGRs. According ...