| Contract Months |
January to December (monthly contract) |
| Expiry Date |
Last day of the contract expiry month |
| Trading Unit |
1 Gram |
| Quotation |
1 Gram |
| Price quote |
Ex-Mumbai excluding Sales Tax / VAT, any other additional tax or surcharge on mumbai (inclusive of all taxes and levies relating to import duty, customs,sales tax, local taxes and octroi) |
| Maximum order size |
10 kg |
| Tick size |
Re. 1 |
| Daily Price Limit |
3% |
| Initial Margin |
4% |
| Tender period |
5 preceding days before the contract expiry month. |
| Delivery Period |
1st working day after the contract expiry |
| Delivery period margin |
25% on marked quantity. |
| Delivery Unit |
In multiples of 8 grams |
| Delivery logic |
Compulsory |
| Delivery Center |
Group 4 Securitas at Mumbai and at additional delivery centers at Ahmedabad ,New Delhi,Hyderabad, Bangalore, Chennai and Kolkata. |
| Quality Specification |
999 purity, It should be serially numbered Gold Guinea supplied by LBMA approved suppliers or other suppliers as may be approved by MCX, to be submitted
along with supplier’s quality certificate |
| Due Date Rate Calculation |
Exchange shall announce the DDR based on the Mumbai Spot price for Gold (10gms) 995 purity, which shall be converted to 999 purity (Gold Spot price 995 purity * 999/995), polled on the last day of the expiry of this Gold Petal contract by around 5.00pm. The arrived spot price will be converted for 1 gms Gold Petal (Gold spot price per 10 gms X 1/10). No trading shall be allowed after the declaration of DDR
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Making charges for taking delivery
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Buyer shall have to pay Rs. 200/- (over and above the DDR) per Gold Guinea as a making charges, which shall be paid to the seller.
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