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An individual can buy gold from Bombay Stock Exchange (BSE) and Multi Commodity Exchange (MCX) through their demat account provided Electronic Gold Receipt (EGR) and Commodity segment respectively is activated on the individual's demat account. There is also an option to take physical delivery of gold from both BSE and MCX.
The vault manager is regulated as a Sebi intermediary for providing vaulting services meant for gold deposited to create electronic gold receipts (EGRs).
Question: My family members and I have ancestral gold. In the interest of safety, we would like to convert the same into electronic gold receipts which I b..
Market regulator Securities and Exchange Board of India (SEBI) has introduced a risk management framework or risk-o-meter for evaluating the risk level of gold and gold related instruments in which mutual funds are permitted to invest.
Markets regulator Sebi has notified rules for vault managers that allow bourses to set up a gold exchange in the country. This comes after the board of Sebi cleared a proposal in September for setting up a gold exchange, wherein the metal will be traded in the form of electronic gold receipts and the bourse will help in having a transparent domestic spot price discovery