6 August, Kathmandu: Asian Derivative Exchange (ADEX) Ltd. Launched ‘e-GOLD’, a derivative product for gold trade in the future, in the market on Saturday, August 3. The company has introduced the product to Nepali derivative investors for professional investment in gold, stated President and managing director of ADEX, Bijesh Shrestha.

This will also be a great opportunity for gold investors who want to manage investments with good returns, according to Shrestha. According to the company, an investor can invest a minimum of 10gm of gold to a maximum of 500gm. Similarly, while investing in this product, an investor will have to make a down payment of 50 per cent of the market price for trading.

The market price of gold traded will be as per the price quoted by Nepal Gold and Silver Dealers’ Association. The association has been fixing the price of gold once a day every morning 10 a.m. according to the international market rate.

According to the company, after investing in ‘e-GOLD’, an investor cannot buy or sell at least for a year. And if an investor wants to trade before the locking period, s/he will have to pay a penalty of 1 per cent.

The company is targeting to sell 3kg of gold in the first phase of the launch. The brokerage commission for 10gm to 150gm of gold is 0.80 per cent; 0.65 per cent for 151gm to 300gm and 0.50 per cent for 301gm to 500gm, as stated by company. ADEX had started the practice of future trading since July 2013.