A SKR (Safe Keeping Receipt) for gold is a financial instrument issued by a bank, financial institution, or vault company that confirms the safekeeping of physical gold on behalf of an individual or entity. Essentially, it serves as a receipt or proof of ownership, without transferring physical possession of the gold.
An SKR is often used in financial transactions as collateral or evidence of assets in escrow. It is not a title to the gold but an acknowledgment of its storage in a secure facility. These receipts are popular among investors, lenders, or institutions that require secure storage for high-value assets while maintaining liquidity through financing or trading arrangements.
The SKR can only be issued by a trusted custodian and must meet legal and regulatory standards.