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    Everything You Need to Know About CAS Before August 3, 2026
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    Everything you need to know about Electronic Gold Receipts (EGRs)

    An Electronic Gold Receipt is a dematerialized security representing ownership of physical gold deposited with a SEBI-registered vault manager. Every EGR is backed by corresponding physical gold stored with accredited vault managers to ensure that dematerialized holdings match the underlying assets.

    Unlike Gold ETFs, which are mutual funds tracking gold prices and generally do not provide retail physical delivery, EGRs represent direct ownership of physical gold and can be converted back into the metal.

    The EGR segment was launched by NSE on 4th May, 2026.

    Please Note: Currently the ICICI Direct platform doesn’t support this segment.

    How Trading and Settlement for EGRs work?

    a. Retail investors, jewellers, bullion traders, refiners, and institutional participants can trade EGRs through registered brokers.

    b. Trading requires registering with a trading member and opening a demat account.

    c. Market hours are Monday to Friday, from 9:00 AM to 11:30 PM or 11:55 PM, depending on the US daylight saving period.

    d. EGR trades settle on a T+1 rolling basis.

    e. Delivery in demat form is compulsory for any open buy or sell positions in the EGR segment.

    f. EGRs are available in denominations of 1 kg, 100 grams, 10 grams, 1 gram, and 100 milligrams and has 999 and 995 purity categories adhering to specific product specifications.

    How Physical Gold turns into an EGR?

    a. Physical gold is deposited with a vault manager who initiates the creation of the EGR after verifying the quantity, purity, and eligibility of the metal.

    b. Personal jewellery, such as a ring, is not accepted for conversion unless it is refined into standard gold through a prescribed refiner.

    c. Gold deposited before 3:00 PM results in an EGR available for trading the next day; otherwise, it becomes available by the second trading day.

    How to turn your EGR back into Physical Gold?

    a. Beneficial owners can request a withdrawal through the depository, which leads to the delivery of physical gold and the extinguishment of the corresponding EGR.

    b. Physical gold must be collected from recognized vault manager locations as doorstep delivery is not provided as a standard process.

    c. Investors receive gold of the same purity and weight but do not receive the exact physical item they initially deposited.

    d. Clients may request assaying before taking delivery to ensure the purity and weight of the gold match the EGR representation.

    Costs and Taxation

    a. Transaction costs include brokerage, exchange transaction charges, clearing charges, and depository charges.

    b. Investors are responsible for vault manager charges, which may include storage, withdrawal, and assaying fees.

    c. GST is applied at the stage of conversion or withdrawal into physical gold rather than during electronic trading on the exchange.

     

     

     

     

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