E-Gold trading

bhaskarvyas001

bhaskarvyas001

Disciple
Hi Friends,
Recently learnt about E-Gold trading.
Can someone who has more knowledge on it provide some more information?
Also, how can one do it using sharekhan trading account??
Advance Thanks :):)
 
Mr. Vyas, looks like you are gujju from surname :)
Yes, ETF can be purchased in Demat format. You can purchase for as low as few hundred rupees. Just make sure 1 unit is 1 gram or 10 gram.
Check out GOLDBEES, its good.
 
Gold ETF is like a mutual fund which invests in gold instead of equities.
e-Gold is like gold purchased online which you can also get in Material form if required. Also there is monthly gold maintenance charge payable associated with quantity of e-gold you buy . But I'm not sure if its still continuing after NSEL debacle. If its still happening, Motilal Oswal offers trading in e-gold via NSEL, Sharekhan does not.

There's also MCX gold which lets you trade in gold futures contract which you can do via Sharekhan. However I'm not sure how exactly that work.
 
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