November 12, 2012 11:32 pm
What are the charges and taxes applicable in E-Silver? Are there any other ways of investing in Silver?
Dear Siddhesh, what’s the update from you oin the matter?
As of now I personally dont know other ways of investing in Silver than e-Silver . You can open a demat account with of the the authorised DP of NSEL (exchange where you can buy e-Silver) , the charges would be demat yearly charges and the transaction charges .
Read this for more – https://www.jagoinvestor.com/2010/09/invest-in-gold-and-silver-through-e-gold-and-e-silver.html
BullionIndia is also a way to invest. Good thing aobut it is that you dont have to buy 0.1g gold or 1g silver. So going forward it will seriously challange GoldFund and etf.
I checked with their customer care and shocked to know that their eTrade tool does not work with interenet explorer. UNBELIEVABLE!! The told that eTrade only works with Mozzilla or Chrome. I tried with Chrome and still it did not work. Its difficult to accept that a trading tool is not created for internet explorer.
You may check bullionindia.in for one more option.
income tax is normal as LTCG or STCG depending upon holding period 3yrs or more or less than 3 yrs resply. in case of sale.
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