Electronic Gold Receipts (EGRs) are exchange-traded securities that represent ownership of physical gold stored in SEBI-approved vaults. You can buy and sell them on the exchanges just like stocks, hold them in your demat account, and convert them to physical gold when needed. EGRs are available in denominations as small as 100 milligrams.
NSE launched the EGR segment on 4 May 2026. Zerodha does not currently support the EGR segment, but it will be enabled soon.
How EGRs work
You can buy EGRs on the NSE through your trading and demat account, just like buying stocks. Each EGR you purchase is backed by physical gold stored in a SEBI-accredited vault. When you buy an EGR, the exchange verifies that the corresponding physical gold is present with the vault manager before settling the trade.
Once the trade settles, the EGRs are credited to your demat account. You can hold them, sell them on the exchange at any time, or convert them to physical gold through a withdrawal request.
Converting EGRs to physical gold
You can convert your EGRs to physical gold at any time by placing a withdrawal request through your depository. The request is valid for 3 days. Your depository forwards the request to the vault manager, who arranges delivery of the gold. Your EGRs are extinguished once the gold is delivered to you.
If you want to verify purity before taking delivery, you can request purity testing at the vault before the gold leaves the premises. Purity testing, transportation, and any related charges are borne by you and will be disclosed upfront by the vault manager.
You are free to arrange your own transportation from the vault to your location. Vault managers may also list logistics service providers on their website for your reference.
Charges involved
Buying and holding EGRs may involve the following costs:
- Brokerage fees charged by your stockbroker
- Depository charges for holding EGRs in your demat account
- Storage charges payable to vault managers
- Purity testing and transportation charges if you opt for physical gold delivery
How trading works
EGRs trade on the NSE EGR segment during the following hours:
Monday to Friday, 9:00 AM to 11:30 PM / 11:55 PM
Timings vary based on the US daylight saving time period.
Trades settle on a T+1 basis. EGRs are transferred to your demat account, and cash is transferred to the seller on the next working day. The exchange enforces a price band: your orders cannot exceed 10% of the previous closing price. During significant market movements, this band can be adjusted in 5% increments.
Why invest in EGRs
- You get uniform pricing across India, with prices discovered through exchange trading
- You can buy in small quantities, from 100 mg upwards, without needing to arrange storage
- The gold backing your EGRs is of assured quality, held in regulated vaults
- You can sell your EGRs on the exchange at any time during market hours
- You have the option to take physical delivery of your gold if you choose to
Available denominations
999 purity
- GLD1KG99 (1 kg)
- GOLD100G99 (100 g)
- GOLD10G99 (10 g)
- GOLD1G99 (1 g)
- GLD100MG99 (100 mg)
995 purity
- GLD1KG95 (1 kg)
- GOLD100G95 (100 g)
- GOLD10G95 (10 g)
- GOLD1G95 (1 g)
- GLD100MG95 (100 mg)
Raising a complaint
If you have a grievance related to your EGR investment, you can raise it with the relevant entity:
- Quantity or weight of gold received: contact your vault manager directly; these must be resolved within one working day.
- EGR transaction or demat issues: contact your depository or depository participant (DP).
- Quality of gold upon withdrawal: if purity testing confirms that the gold does not meet the quality specified in the EGR, the concerned refinery is responsible for making good the loss.
- Any other complaints: file on the SCORES portal at scores.sebi.gov.in.