BSE launched Electronic Gold Receipts

BSE launched Electronic Gold Receipts : Bombay Stock Exchange (BSE) has launched Electronic Gold Receipt (EGR) on its platform.

Aim: Efficient and transparent price discovery of the yellow metal.

October 2022 Current Affairs Quiz

The EGR was introduced in two new products of 995 and 999 purity and trading will be in multiples of 1 gram and deliveries in multiples of 10 gram and 100 gram. This platform will lead to greater assurance in the quality of gold supplied, efficient price discovery, and transparency in transacting.