National Spot Exchange's e-Gold: 5 things to know
1.Investors who like to buy gold can now do so electronically using the trading platform of the National Spot Exchange Limited (NSEL).2.Gold units representing 1 gram of gold each, can be purchased through a trading member on a t+2 basis.
3.e-Gold can be converted into physical gold at any time, at centres specified by the NSEL.
4.Gold units have to be bought in a demat account opened with a trading member of the NSEL.
5.Buying e-Gold units involves brokerage, transaction costs, stamp duty, demat account charges and cost of converting the units into physical gold.
Content on this page is courtesy Centre for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta
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This story originally appeared on: India Times - Author:Faqs of Insurances
