Comments
National Spot Exchange, an online exchange, is providing investors the option of converting their demat gold investments into gold coins of one gram.
Mr Anjani Sinha, Managing Director, NSEL said the latest move to allow “e-Gold delivery” in one gm denominations will attract more retail investors.
This facility is currently offering options of 8 gms, 10 gms, 100 gms and 1 kg lots.
NSEL launched the e-Series products, starting with e-Gold, in March 2010, to meet the growing demand from the retail segment to divest part of their investment portfolio into commodities. The Exchange has since added other facilities such as e-Silver, e-Copper, e-Zinc, e-Lead and e-Nickel over the last two years.
e-gold has enabled retail investors to deposit small savings in frequent intervals in precious metals such as gold and silver. Since the launch of this product, e-Gold has given returns of 67 per cent.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.