Thread: Trade eGold and eSilver through National Spot Exchange Limited

Another way to invest in Gold and Silver by the click of the mouse is through the National Spot Exchange Limited (NSEL). Your investment will be saved in your account in the form of eGold and eSilver, just like equities.

Main advantages:

• You have the option for physical delivery of Gold in major cities, which is not available with the Gold ETFs.
• ETFs normally have around 2.5% as annual maintenance. It is included in ETF NAV calculation, whereas only 60 paise is annually charged for eGold 1gram/year, which is negligible.

Please visit the following site for the account opening information and more FAQs on NSEL:

HTML Code:

http://www.nationalspotexchange.com

Originally Posted by itsmemad

Another way to invest in Gold and Silver by the click of the mouse is through the National Spot Exchange Limited (NSEL). Your investment will be saved in your account in the form of eGold and eSilver, just like equities.

Main advantages:

• You have the option for physical delivery of Gold in major cities, which is not available with the Gold ETFs.
• ETFs normally have around 2.5% as annual maintenance. It is included in ETF NAV calculation, whereas only 60 paise is annually charged for eGold 1gram/year, which is negligible.

Please visit the following site for the account opening information and more FAQs on NSEL:

HTML Code:

http://www.nationalspotexchange.com

This one is a govt. entity or private site?

Apparently this is not a PSU, however, it must have got approval from SEBI. The list of board of directors is impressive. Please contact on the phone # mentioned on the website for any queries.

National Spot Exchange is a Commodity Exchange in India. It is a joint venture of Financial Technologies (India) Ltd. (FTIL) and National Agricultural Cooperative Marketing Federation of India Limited (NAFED). National Spot Exchange has commenced its Live trading operations in different commodities from Wednesday, the 15th October 2008.

The commodity exchanges are regulated by the Forward Markets Commission. Unlike the equity markets, brokers don't need to register themselves with the regulator.

The FMC deals with exchange administration and will seek to inspect the books of brokers only if foul practices are suspected or if the exchanges themselves fail to take action. In a sense, therefore, the commodity exchanges are more self-regulating than stock exchanges. Which means they carry a higher risk than the stock exchanges.