NSE targets 300 tonne of digital gold, aims to cut India's import dependence

Sriram Krishnan, Chief Business Development Officer (CBDO) at the NSE, said the exchange is encouraging investors to shift from physical gold to regulated digital gold. So far, EGRs have been created entirely using domestic recycled gold. The larger goal is to reduce India's gold imports and eventually help the country emerge as a global price setter in the bullion market.