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Shariah Compliant Commodity Trading
Investors, who refrain from trading in commodities on stock exchanges due to Shariah (Islamic jurisprudence) restrictions, There are lots of people who want to invest in gold and silver but stay away from speculative futures market. They also have convenience of demat account and other overheads are also taken care of. National Spot Exchange (NSEL) has introduced E-series products like E-Gold and E-Silver, wherein retail investors can buy a minimum of 1 unit of gold equivalent to 1 gram of gold and 1 unit of silver equivalent to 100 grams of silver in demat form at real-time Indian prices, which tracks the international gold prices.
Multigain is IndiaÃ¢âÂ¢s 1st Shariah Compliant Commodity Broker in National Spot Exchange Ltd. and also India's 1st Commodity Broker to start SIP in spot commodities.