Augmont Enterprises Limited’s subsidiary, Augmont Gold Tech Private Limited has been empanelled by National Stock Exchange of India Limited as a key partner for the promotion of Electronic Gold Receipts (EGR). This is strategic partnership designed to simplify the process of EGR creation and extinguishment, and to promote trading in EGRs, further deepening India’s gold ecosystem.
Under this partnership, Augmont will bring its rich experience across the gold value chain to enhance the digital framework, together with providing the necessary technical and on-the-ground support for the development of the EGR product. The partnership is expected to facilitate the seamless conversion of physical gold into EGRs, and of EGRs back into physical gold, within the regulated ecosystem.
EGRs are dematerialized securities that represent ownership of physical gold, which is securely stored in SEBI accredited vaults and held electronically through depositories. Each EGR is fully backed by physical gold and is tradable on the exchange, seamlessly integrating gold into the formal financial system. With this partnership, NSE aims to further strengthen a robust and transparent ecosystem for gold trading, enabling efficient price discovery, improved market participation, and enhanced trust across stakeholders including jewellers, refiners, traders, and institutional investors.
Shri Sriram Krishnan, Chief Business Development Officer, NSE, said:
“The empanelment of Augmont marks an important step in building a deep and vibrant ecosystem for Electronic Gold Receipts. By combining NSE’s robust technology and liquidity framework with Augmont’s rich experience and on-the-ground presence across the gold value chain, we are simplifying the creation and extinguishment of EGRs and making gold investment more accessible to investors across the nation. We believe this partnership will foster greater participation in EGRs and further position gold as a modern, integrated asset class within our capital markets.”
Shri Ketan Kothari, Whole-Time Director, Augmont Enterprises, said:
“We are pleased to partner with NSE in building the Electronic Gold Receipts ecosystem. By bringing together our experience in refining, sourcing and distribution of gold with NSE’s technology and market infrastructure, we aim to make the conversion between physical and electronic gold simpler, faster and more transparent for the trade and investors alike. We are committed to supporting the growth of EGRs as a trusted channel for gold participation in India.”
By facilitating electronic holding, assured quality, and seamless convertibility between physical and digital formats, EGRs empower investors to participate in the gold market even in smaller denominations, providing improved liquidity and flexibility comparable to other financial instruments held in demat form.
National Stock Exchange of India (NSE), which began operations in 1994, is India’s pioneering electronic exchange with an integrated business model spanning listings, trading, clearing and settlement, indices and market data.
Augmont Enterprises Limited is one of India’s leading integrated precious metals companies, operating across refining, bullion trading, digital gold, consumer products and technology-enabled platforms.
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