NSE gold receipts may add ₹1,260 crore by FY30: Jefferies
In short
Jefferies says NSE’s electronic gold receipts could bring in ₹1,260 crore by FY30. It also expects gold trading volumes to reach 25 times India’s yearly gold use and says three new businesses could add ₹2,242 crore in revenue.
This matters because it points to a possible new income stream for NSE. The report does not say when the businesses will start or whether the forecast will be met.
What the reporting says
NSE’s electronic gold receipts could generate ₹1,260 crore in revenue by FY30, according to Jefferies as reported by BusinessLine Markets. The publisher summary says the brokerage sees gold trading volumes reaching 25 times India’s annual consumption and estimates three new businesses could add ₹2,242 crore in revenue. The report does not say when the businesses launch or whether the forecast is certain, so the main consequence is an upbeat revenue outlook for NSE-linked gold trading.
Why it matters
Jefferies, as cited by BusinessLine Markets, estimates that NSE’s electronic gold receipts could generate ₹1,260 crore in revenue by FY30. The same summary says gold trading volumes could reach 25 times India’s annual consumption and that three new businesses may add ₹2,242 crore in revenue. The report does not confirm actual revenue today or detail the launch timing of those businesses.