Electronic Gold Receipts Clock Rs 96 Crore Turnover On NSE Since Launch – Can They Challenge Gold ETFs?

Listed EGRs and Gold ETFs attract the same capital gains tax rates. Gains on holdings of up to 12 months are taxed at the investor’s applicable income-tax slab rate, while gains on holdings exceeding 12 months are taxed at 12.5 per cent without indexation. EGRs, however, can be converted into physical gold, and vice versa, without triggering capital gains tax at the time of conversion.