Silver

How can you buy e-silver?

You need to have a trading account with any of the 370 odd brokers registered with the National Spot Exchange. You also need a demat account, which is different from the demat account needed for shares and securities.

 

How much will it cost?

Paper work will cost about Rs.150 and annual charges for maintaining the demat account are Rs 400-700

 

What is the smallest unit that one can buy?

One unit of e-silver equals 100g. That would cost you about Rs.4500 at current prices

 

Can I take physical delivery of silver?

You can hold the units in either electronic form or opt for physical delivery. You can make a request for a physical delivery to your depository participant.

 

What is the cost of physical delivery?

Taking physical delivery involves fixed charges, so it isn't worthwhile to take delivery of small quantities. You have to pay VAT of 1% anywhere in the country and delivery charge of Rs. 200 for every instruction that you make for delivery.

 

Where can I take physical delivery?

Currently you can take delivery in Mumbai, Ahmedabad and Delhi