//Please note: NSEL is no more available for commodity trading.
National spot exchange is a place where investor can buy gold and silver in demat mode,very similar to equity shares.Its great option to buy instead of physical mode.Its very convenient to buy and hold in demat mode.There are no chances of theft as well impurity and will get similar returns as that of physical way.
To open account with NSEL one needs to open trading as well as demat account.
To open account,one can approach to any of the exchange registered broker and sign an agreement cum application form as we do to open a normal demat account.
Documents required:
1.Pan card.
2.Identity proof.
3.Address proof.
Just submit the form along with required documents and account opening cheques . Account opening takes 5-6 days if all things go smoothly and then you can transfer margin and start investing.
NSEL advantage is that it facilitates online investments in Silver which is not possible till other than physical way.Also investor have option to choose to sell online or to get jewellery of equivalant units.
want to open account with nsel to buy gold silver platinum via SIP if possible plz contact asap
mob xxxxxxxx687
Hello,
Thank you for comment.
Please note NSEL has closed all its operation and it is no more available for trading and investing in commodities.
Regards.
I need NSEL account
I want to open an account. Please tell me how to do that.
I want to open an account with NSEL for trading e-gold.pl. contact. I am in Mangalore.
i want to open a demat account pl contact
I am having demat account & trading account in angel broking.i wants to know whether this demat account & trading account is liable to buy gold & silver from NSEL.Can you please provide the contact no of the agent so that i can clarify more doubts to him .
thanking you
Regards ,
Vinod Kumar .
Share trading account can not be used to buy gold / silver through NSEL.
One need to open separate account(trading and demat) through broker registred at NSEL.
i want to open a account with nsel pl contact
i want to open a account with nsel pl contact
i want to open a demat account pl contact
I want to open an a/c at NSEL and i want to know details of charges
Dear Sir,
Details are as below:
1.Account opening charges: One time Rs.350/- for trading and demat account.
Annual Maintainance charges will be applicable at Rs 350/- per annum for demat account.
2.Brokerage : 5 paisa / Rs.100 transaction.
i want open account. i want to kn ow complete details
Can you more elaborate this Rs.350/-. Is it One time charges means no charges would be levied from 2nd year till life Time? or Is there any AMC from 2nd Year??
There are two accounts –
Trading account & Demat account.
As far as Trading account is concerned there is One time account opening fee.
But in case of demat account charges will be annual.{Above comment has updated to remove confusion.}
Thanks for your concern.
I had also read somewhere that the Units bought on NSEL can be converted into Physical Coins for all GOLD, Silver and Platinum. Is this true?? And also the answer is Yes, please let me know the charges applicable to convert this Units into Coins.
Yes.for details refer this link:
http://www.nationalspotexchange.com/NSELuploads/QuickLinks/Procedure_for_surrender_of_demat_unit.pdf