Expert Committee Submits its Report on Determining Methodology for Fixing National Minimum Wage, Ministry of Labour and Employment Click here

E-gold/ silver / metals

From Arthapedia
Revision as of 10:56, 19 April 2016 by Arthapedia (Talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

“e-gold” refers to electronic mode of holding gold and is essentially a financial instrument traded in spot exchanges in India that enables its investors to invest their funds into gold in smaller denominations and hold it in ‘demat’ form” (i.e, in electronic form). Investors buying E-Gold and E-Silver can liquidate the same or convert into physical gold. Such e-contracts are also available for a few metals like copper, zinc, platinum, lead etc.

For eg. the contract specifications for e-gold at the spot exchange -National Spot Exchange Limited (NSEL) may be seen here.

Such commodity contracts are also meant for retail investors who prefer investing in commodity stocks with a view to gain benefits from the volatility in the respective commodities.


Contributed by

EmailForm is only active on protected pages.

Personal tools
Variants
Actions
Navigation
Concepts
Share Tools
Toolbox
Translate