Finance 23 October 2026
BSE and MMTC-PAMP Partner to Boost EGR Market in India
Why in the News?
**BSE Limited** (formerly Bombay Stock Exchange) has signed a Memorandum of Understanding (MoU) with **MMTC-PAMP India** to strengthen and expand the Electronic Gold Receipts (EGR) market across the country.
Key Features / Major Points:
- Key Signatories: Signed by Shri Sundararaman Ramamurthy (MD & CEO, BSE) and Shri Samit Guha (MD & CEO, MMTC-PAMP).
- MMTC-PAMP’s Role: As India’s only London Bullion Market Association (LBMA)-accredited refiner, it provides critical expertise in bullion refining, assaying, secure vaulting, and EGR creation/redemption.
- BSE’s Role: Facilitates active EGR contract trading in multiple denominations (100 mg, 1 gm, and 10 gm at 999 and 995 fineness) via its robust trading ecosystem.
- Core Objectives: Enabling seamless conversion between physical gold and dematerialized EGRs, deepening market liquidity, encouraging formalization of gold trading, and improving international price discovery.
Static GK Facts:
- BSE (Bombay Stock Exchange): Established in **1875**, it is Asia's oldest stock exchange; Headquarters - Mumbai, Maharashtra.
- MD & CEO of BSE: Sundararaman Ramamurthy.
- LBMA (London Bullion Market Association): The international trade association representing the global over-the-counter market for gold and silver bullion.
One-Liner Quiz (All Competitive Exams):
Q: Which stock exchange has signed an MoU with MMTC-PAMP to expand the EGR market in India?
A: BSE Limited (Bombay Stock Exchange)
Q: What is the primary role of MMTC-PAMP in this partnership?
A: Providing LBMA-accredited bullion refining, assaying, vaulting, and EGR creation support
Q: In which year was the Bombay Stock Exchange (BSE) established?
A: 1875 (Headquarters - Mumbai)
Q: What does EGR stand for in the context of commodity markets?
A: Electronic Gold Receipts
#BSE #MMTCPAMP #EGR #GoldMarket #StockExchange #CurrentAffairs #StaticGK