India's NSE pushes gold-backed EGRs on Dhanteras, sees potential to cut imports
The National Stock Exchange (NSE) has urged investors to purchase Electronic Gold Receipts (EGRs) instead of physical gold this Dhanteras, adding India could avoid gold imports worth USD 5–6 billion annually if gold funds held NSE EGRs and lent half of their combined 116-tonne gold holdings.