Navia Commodities Broker Pvt Ltd Now Member of National Spot Exchange Ltd (NSEL)
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Transcript of Navia Commodities Broker Pvt Ltd Now Member of National Spot Exchange Ltd (NSEL)
Navia Commodities Broker Pvt Ltd
Now Member of National Spot Exchange Ltd
(NSEL)
NSEL Trading Account E-SERIES
Now Trading :E-GOLD
E-SILVER E-COPPERE-LEADE-Zinc
Buying Units
E-GOLD : 1grm
E-SILVER : 100 grms
E-COPPER : 1Kg
E-LEAD : 1Kg
E-Zinc : 1Kg
SettlementsIntraday : T+1 Day
Next day - Payin before 11am.
Delivery : T+2 Days
Auction Settlement : T+4 Days
Trade Timing
Market open from MONDAY to FRIDAY.
Timing : 10am to 11.30pm
PURITY
• GOLD : 995 Grade Purity.
• SILVER : 999 Grade Purity.
Comparison of investment in E-Gold through different sources
Account Opening Charges
Documentation Fee : Rs250.
DP AMC * : Rs.1000 individual.
Rs.5000Corprate.
* DP AMC valid for 10 years
Exposure
• INTRADAY : 6 – 10 Times.
•DELIVERY: 4 Times .
Brokerage
• Brokerage * :
0.04% Intraday
0.40% Delivery
• Minimum Brokerage : Rs 30/- per day
* Statutory charges are applicable
Cost of Purchase
Particular E-GOLD E-SILVER
Min. Delivery Unit 1 gram (1 Unit) 100 gram ( 1 Unit)
No. of Unit 1 1 1
Purchase rate 2872.4 5704.5
Transaction Cost( 10 per lakhs)* 0.29 0.57
Brokerage @ 0.40% of purchase rate 11.4896 22.818
Stamp Duty @ 1/- per 1 Lakh of Transaction
0.03 0.06
Service tax @ 12.36% 1.4 2.8
Total Cost on purchase (per unit) 13.2096 26.248
Price comparison of Gold Coin purchase from various sources
Particulars E-Gold HDFB Bank State Bank of India
Jeweller
Brokerage 0.04% Service Tax 12.36% Net Cost 999 fineness 30,134 34003 31058 33552Price Difference E-Gold Coin vs Others 3869 925 2658
Physical Conversion Charge for Silver.
Silver Conversion charges(per coin/ bar)
100 Grams Rs. 100/-
1 Kg Rs. 200/-
5 Kg Rs. 200/-
Physical Conversion Charge for Gold.
Gold Conversion charges(per coin/ bar)
8 gms 200
10 gms 200
100gms 100
1 kg nil
Taxation liability on E-Series
WEALTH TAX: Under Section 3 of the Wealth-tax Act, it is applicable @ 1% of the amount by which the net wealth exceeds Rs.30.00 lakhs.