INSUBCONTINENT EXCLUSIVE:
According to analysts, e-gold provides benefits like flexibility of buying and high liquidity.Traditionally, gold shares an inverse
relationship with equity markets
E-gold enables purchase of non-physical gold in small quantities which can be converted into physical form under certain conditions
1 unit of e-gold is equivalent to 1 gm of gold
On the other hand, gold ETFs are similar to mutual funds wherein investors can buy their units online and keep them in a demat
smaller denomination and hold it in a demat (dematerialised) form
"One can buy e-gold from NSEL
robo-advisory."This demat account has to be opened from the depository participant (DP) that is approved by the National Spot Exchange
Thus, it provides him relatively high liquidity and better options," explains Sudeesh Nambiath, Head, India Gold Policy Centre (IGPC).How
e-gold differs from gold exchange traded funds (gold ETFs)According to Mr Bansal, e-gold can be converted to physical metal wherein the
minimum quantity of converting is 8 grams
"For gold ETF, one year is considered for LTCG (Long Term Capital Gains)
difference in value between the sale price and the purchase price.Get Breaking news, live coverage, and Latest News from India and around
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