India, May 4 -- The National Stock Exchange of India (NSE) on Monday introduced Electronic Gold Receipts (EGRs), marking the launch of a new segment aimed at improving transparency and efficiency in gold price discovery.

The initiative is designed to bridge the long-standing divide between physical gold and financial markets by offering a secure, regulated, and technology-driven platform for trading the precious metal, the exchange said in an official statement.

EGRs are dematerialised securities that represent ownership of physical gold stored safely in Sebi-accredited vaults. These receipts are held electronically through depositories and are fully backed by real gold, allowing them to be traded on the exchange like financial instrume...