India, Sept. 27 -- The National Stock Exchange of India has empanelled Augmont Gold Tech as a key partner to simplify the conversion of physical gold into Electronic Gold Receipts (EGRs) and promote trading in digital gold instruments, as part of efforts to deepen India's formal gold market.

Under the partnership, Augmont, a subsidiary of Augmont Enterprises, will provide technical and on-ground support for the development of the EGR product and help strengthen the digital framework for its creation and extinguishment, NSE said in a press release.The partnership is expected to make it easier to convert physical gold into EGRs and convert the receipts back into physical gold within the regulated ecosystem. NSE said the move would support ...