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This is an archive article published on October 8, 2010

NSEL posts record Rs 115 cr turnover in bullion products

NSEL is the only exchange in the country to offer such a product.

National Spot Exchange Ltd (NSEL) on Friday said its e-series bullion products,e-Gold and e-Silver,posted a record turnover of Rs 115 crore on Thursday.

e-Gold recorded a turnover of Rs 37.17 crore,while e-Silver turnover was Rs 77.59 crore,NSEL said in a statement.

In terms of lots,e-Gold’s turnover was 1.87 lakh lots,while e-Silver attained a turnover of 2.22 lakh lots.

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e-Gold and e-Silver are demat units of the physical gold and silver which are traded in electronic form at NSEL.

“The overwhelming response received by e-Gold and e-Silver has convinced us about investment appetite for e-series products. It is value for money for investors,who are diversifying their portfolios through these products,” NSEL MD and CEO Anjani Sinha said.

NSEL is the only exchange in the country to offer such a product,it said adding that it will launch around 25 commodities under E Series basket for promoting savings and investment in commodities.

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