National Spot Exchange Limited (NSEL) is the national level, institutionalized, demutualised and transparent Electronic Spot Exchange set up by Financial Technologies India Limited (FTIL) and National Agricultural Co-operative Marketing Federation of India Limited (NAFED) to create a delivery based pan India spot market for commodities.
NSEL conducts spot trading in various agricultural and non agricultural commodities, including gold and silver.
What is E-Gold and E-Silver?
However, E–Series is the new segment launched by NSEL, which is exclusively designed to develop a cash segment of commodities for promoting savings and investment by retail investors in commodities in demat form. E-Gold is the first instruments launched by NSEL under E–Series followed by E-Silver, which tracks physical commodity (e.g. gold and silver) prices and makes it available in smaller denomination (in multiples of 1 gram and 100 grams) in demat form for small investors.
How do I go about buying commodities in demat form? What is the process?
The process is very simple. For this purpose, you have to register yourself as a client with a member of National Spot Exchange. You are also required to open a demat account with any DP empanelled with NSEL Then, you can participate in these contracts either by making telephone calls to your broker or directly through online trading terminals.
What are the timings for trading in dematted commodities on NSEL platform?
Trading in E-Gold as well as other contracts are available Mondays through Fridays from 10:00 am to 11:30 pm.
Can take physical delivery of goods against surrender of Demat units?
Yes. You can take physical delivery of goods against surrender of demat units at any point of time. The delivery locations and procedure related to physical delivery is specified in respective product note.
NSEL conducts spot trading in various agricultural and non agricultural commodities, including gold and silver.
However, E–Series is the new segment launched by NSEL, which is exclusively designed to develop a cash segment of commodities for promoting savings and investment by retail investors in commodities in demat form. E-Gold is the first instruments launched by NSEL under E–Series followed by E-Silver, which tracks physical commodity (e.g. gold and silver) prices and makes it available in smaller denomination (in multiples of 1 gram and 100 grams) in demat form for small investors.
How do I go about buying commodities in demat form? What is the process?
The process is very simple. For this purpose, you have to register yourself as a client with a member of National Spot Exchange. You are also required to open a demat account with any DP empanelled with NSEL Then, you can participate in these contracts either by making telephone calls to your broker or directly through online trading terminals.
What are the timings for trading in dematted commodities on NSEL platform?
Trading in E-Gold as well as other contracts are available Mondays through Fridays from 10:00 am to 11:30 pm.
Can take physical delivery of goods against surrender of Demat units?
Yes. You can take physical delivery of goods against surrender of demat units at any point of time. The delivery locations and procedure related to physical delivery is specified in respective product note.
No comments:
Post a Comment