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February Contract |
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16th November of the earlier year to 31st January of the contract year |
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April Contract |
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16th January to 31st March of the contract year |
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June Contract |
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16th March to 30th June of the contract year |
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August Contract |
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16th May to 31st July of the contract year |
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October Contract |
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16th July to 30th September of the contract year |
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December Contract |
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16th September to 30 th November of the contract year |
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Trading Period |
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Monday to Saturday |
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Trading Session |
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| Trading |
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Trading Unit |
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3 Kg |
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Quotation/Base Value |
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10 grams |
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Maximum Order Price |
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12 Kg |
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Tick Size (minimum price movement) |
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Re. 1 per 10 grams |
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Daily Price Limits |
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2.5% |
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Price Quote |
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Ex-Mumbai (excluding all taxes) |
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Initial Margin |
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3.5 % |
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Special Margin |
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In case of additional volatility, a special margin of 2% or such other percentage, as deemed fit, will be imposed immediately on both buy and sale side in respect of all outstanding position, which will remain in force for next 3 days, after which the special margin will be relaxed. |
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Maximum Allowable Open Position |
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For individual client: 4 MT collectively for all contracts in Gold (i.e. including Gold and Gold M contracts) For a member collectively for all clients: Not more than 25 % of the market's open position in a contract at any point of time |
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| Delivery |
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Delivery Unit |
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3 kg without any tolerance limit |
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Delivery Day |
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1st to 6th day of the contract maturity month |
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Delivery Center(s) |
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At designated Clearing House facilities of Group 4 securities at Mumbai |
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Delivery Process |
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At designated clearing house facilities of Group 4 Securities at Mumbai |
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Quality Specifications |
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995 purity
It should be serially numbered Gold bars supplied by LBMA approved suppliers or other suppliers as may be approved by MCX to be submitted alongwith supplier's quality certificate. |
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If the seller offers delivery of 999 purity |
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Seller will get a proportionate premium and sale proceeds will be calculated as
Rate of delivery * 999 / 995
If the quality is less than 995, it is rejected. |
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