An Electronic Gold Receipt turns your physical gold into a regulated security you can buy, sell, lend and redeem — without giving up the metal itself.
An Electronic Gold Receipt (EGR) is a SEBI-regulated security that represents physical gold. The gold is held in a SEBI-registered vault and dematerialised into your own demat account — where you can buy it, hold it, trade it on the exchange, lend it for a return, or convert it back to physical gold whenever you choose.
It's often called India's “UPI moment for gold.” Just as UPI created a secure, regulated rail for payments, EGR does the same for gold. The metal doesn't change. What changes is the trust, transparency and simplicity wrapped around it — and the fact that it can finally do something while you hold it.
The result: India's most loved and most informal asset, finally standardised, transparent, and productive.
Every step is standardised, regulated and auditable — from the moment your gold is weighed to the moment it trades on the exchange.
Most gold products are good at one thing. EGR is built to do several at once — regulated, physically backed, tradeable, and redeemable.
Swipe the table sideways to compare →
| Physical gold | Digital gold | Gold ETF | Sovereign Gold Bond | EGR | |
|---|---|---|---|---|---|
| Exchange-regulated | — | —largely unregulated | ✓ | ✓RBI | ✓SEBI |
| Backed by gold you can claim | ✓ | ~ | ~fund units | —a bond, not metal | ✓1:1 |
| Held in your demat account | — | — | ✓ | ✓ | ✓ |
| Trade anytime on the exchange | — | — | ✓ | ~often thin | ✓ |
| Take physical delivery | ✓ | ~ | — | —cash on maturity | ✓ |
| Earn a yield / lend it | — | — | — | ✓fixed interest | ✓lend via exchange |
| Borrow against it | ✓gold loan | — | ~ | ✓ | ✓ |
| No making charge | — | ~ | ✓ | ✓ | ✓ |
| Assured, standardised purity | ~varies | ~ | ✓ | — | ✓ |
Every product has its place. Sovereign Gold Bonds pay interest and suit long-term holders; physical gold carries emotional and gifting value. What makes EGR distinctive is combining exchange-traded liquidity, real 1:1 physical ownership, and the ability to lend or redeem — in a single instrument.
The most common question — and the clearest way to see what EGR adds.
You own units of a fund that tracks the gold price. It's liquid and regulated — but you own fund units, not gold you can take delivery of, and you can't lend the underlying to earn a return.
You own the gold itself, 1:1, in your demat. Same exchange liquidity as an ETF — plus you can take physical delivery as a coin or bar, and lend it for a yield. ETF-like trading, with real ownership.
The gold already sitting in your locker can become a live, tradeable asset — without selling it or losing the option to get it back.
Because EGR is a security, the tax treatment follows the type of transaction — and your individual circumstances.
Turn the jewellery, coins or bars sitting in your locker into a regulated, tradeable asset — without giving up the option to get it back.
Call to get started →Brokers, wealth platforms, banks and apps can offer EGR by plugging into a ready-made set of rails — creation, liquidity, redemption and delivery — and focus on distribution.
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