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of <h1>SEBI Issues Framework for Gold Exchange: EGRs Classified as Securities for Stock Trading in India.</h1> The Securities and Exchange Board of India (SEBI) has issued a circular outlining the framework for operationalizing the Gold Exchange in India. Electronic Gold Receipts (EGRs) are now classified as securities, enabling their trade on stock exchanges. The framework involves three tranches: creation of EGRs, trading on exchanges, and conversion back to physical gold. Vault Managers, Depositories, and Clearing Corporations will play key roles in managing transactions and ensuring compliance with standards. The circular mandates exchanges to amend relevant regulations and communicate updates to SEBI. Storage, withdrawal, and assaying charges will be disclosed publicly.
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