New Delhi, Nov. 10 -- Indians have long considered gold a safe-haven investment, buying it in the form of jewellery, coins or bars. The yellow metal also holds cultural significance, with families purchasing it during weddings and festivals such as Dhanteras, Diwali and Akshaya Tritiya, as a symbol of good fortune.

However, buying physical gold comes with concerns such as purity, safety and storage. Electronic gold receipts (EGRs) offer an alternative, allowing investors to own gold without having to physically hold it.

The National Stock Exchange of India (NSE) launched EGRs as a new segment in May this year, with an intention to create a more transparent and efficient price discovery of the safe-haven metal.

Electronic gold receipts ...