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.
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