Apr 02, 2012, 09.58 PM | Source: PTI
Financial Technologies promoted National Spot Exchange (NSEL), today said it is extending the facility of physical conversion of e-Gold units into one gram of gold coins.
In e-Gold, investors have found a unique way to park their money in gold without having to worry about purity or physical security that is inherent to jewellery and physical bullion, he added. This launch was to mark the completion of two years of launch of 'e-Gold' - India's first commodity investment product in demat form. This is in addition to the existing delivery denomination options available in 8 gms, 10 gms, 100 gms and 1 kg lots. E-Gold comprised 17% of NSEL's total turnover in the FY12. PTI SM ABC