act as a bridge in integrating spot gold trade with derivatives markets and create a transparent platform for bullion tradingin addition a single point trading for both spot and derivatives would provide scale liquidity and better pricing for all market participants by bringing down cost and cycle time significantlymoreover trading in egrs will contribute to the existing programs for gold monetization such as gold monetization scheme gms gold bonds and gold depositsin the union budget 202122 finance minister nirmala sitharaman announced setting of a gold spot exchange and sebi will be the designated regulator for the proposed gold exchanges only affect the employment generation for the increasing labour force but also affect the ability of the businesses to retain the employees