 |
Symbol |
|
SILVER |
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|
Description |
|
SILVERHNIMMMYY |
|
| Contracts Available for Trading |
|
|
March Contract |
|
16th November of the earlier year to 28th / 29th February of the contract year |
|
|
May Contract |
|
16th February to 30th April of the contract year |
|
|
July Contract |
|
16th April to 30th June of the contract year |
|
|
September Contract |
|
16th June to 31st August of the contract year |
|
|
December Contract |
|
16th August to 30th November of the contract year |
|
Trading Period |
|
Monday to Saturday |
|
|
Trading Session |
|
Mondays to Friday:
1st session: 10.00 am to 5.00 pm
2nd session: 5.45 pm to 11.15 pm
Saturday:10.00 am to 2.00 pm |
|
| Trading |
|
|
Trading Unit |
|
150 Kg |
|
|
Quotation/Base Value |
|
1 Kg |
|
|
Maximum Order Price |
|
600 Kg |
|
|
Tick Size (minimum price movement) |
|
Re. 1 per Kg |
|
|
Daily Price Limits |
|
4% |
|
|
Price Quote |
|
Ex-Ahmedabad (excluding all taxes and levies) |
|
|
Initial Margin |
|
5% |
|
|
Special Margin |
|
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. |
|
|
Maximum Allowable Open Position |
|
For individual client: 50 MT collectively for all contracts in Silver (i.e. including Silver and Silver 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 |
|
| Delivery |
|
|
Delivery Unit |
|
150 Kg |
|
|
|
Delivery Center(s) |
|
At designated Clearing House facilities of Group 4 securities at Ahmedabad |
|
|
Quality Specifications |
|
Grade: 999 and Fineness: 999 (as per IS 2112: 1981)
No negative tolerance on the minimum fineness shall be permitted.
If it is below 999 purity it is rejected
It should be serially numbered silver bars supplied by LBMA approved suppliers or other suppliers as may be approved by MCX. |
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