The announcement came after the exchange last month received final approval from the Securities and Exchange Board of India (SEBI) for introducing EGR on its platform. BSE in February received in-principle approval from SEBI after which the exchange conducted several mock trading in the test environment for its members to facilitate trading in EGRs.

EGRs will cater to all market participants, which means that buyers and sellers on the exchange will include individual investors, as well as commercial participants along the value chain like importers, banks, refiners, bullion traders, jewellery manufacturers, and retailers. “The launch of EGRs represents a significant milestone not only for the BSE but also for the global bullion industry. BSE is committed to continuously facilitating access to high-quality investment-based products and services for our stakeholders,” Sameer Patil, CBO at BSE said.