USP of MCX Gold petal (1gms) contract

Features MCX Petal Other Exchange traded products Physical Market
Delivery Physical delivery on accumulation of 8gms Physical delivery not possible OR on accumulation of 1000 units i.e. 1kg Physical delivery possible for 1gm
Purity Purity – 999 LBMA Approved Purity – 995 LBMA Approved Purity – not LBMA Approved
Timing 10.00am to 11.55pm 9.00am to 3.30pm 9.00am to 9.00pm
Demat Delivery can be in Physical or demat form (If delivery received in physical form is converted to demat form, then the demat charges is Rs. 100/- per ICIN, and same vice versa). Compulsory No Demat
Investment in Gold 100% 90% to 100% 100%
Added cost Brokerage Brokerage, Recurring Expense charged varies from 1.75% to 2.50% p a. (includes investment management and advisory fees) No additional charges
Long term capital gain tax On taking physical delivery after 3 years After 1 year After 3 years