New Delhi, June 7 -- The National Stock Exchange of India (NSE) last month launched Electronic Gold Receipts (EGRs) as a new segment, in a bid to create a more transparent and efficient price discovery of the yellow metal.

The move is expected to bridge the age-old gap between physical gold and the financial markets by offering a regulated, secure, and technologically-advanced platform for trading in the precious commodity, the exchange said in a statement.

Shri Sriram Krishnan, Chief Business Development Officer (CBDO), NSE, said: "The introduction of EGRs at NSE marks a pivotal evolution in how India interacts with its most cherished asset."

Here's a look at what are EGR, what are its benefits and since we already have ETF - which is...