EGR can help reduce India’s gold import dependence, but there is one speedbump - Business Today

Gold industry officials are hopeful that electronic gold receipts (EGRs) in India can be successful and even if a fraction of the gold held by households is converted into EGR, it would reduce the country's dependence on imports of the precious metal  . When you buy physical gold you pay a 3% GST. Converting into an EGR or trading of EGR doesn’t incur any GST. However, converting the EGR back…