Commodity Futures Contract MCX Gold is a legal Contract to Buy or Sell a particular Commodity at a Predetermined Quality ,Quantity ,Place and Price .
We will understand this with an Example of MCX Gold Contract : https://www.mcxindia.com/products/bullion/gold
MCX 1 Kg Gold Contract Specifications :
February April June August October December are Gold Future Contract Months
3. Contract Launch Date is 16th
4. Last Trading is 05th Day of Contract Expiry Month Like 05 February , 05 April
5. Trading Period is Monday to Friday , Saturday and Sunday is a Trading Holiday
6. Trading Time : 09:00 AM to 11:30 AM/11:55 ( US Light Saving Time )
7. Trading Unit is 1 Kg and if a Buyer or Seller gives or Take Delivery : Quantity will be 1 Kg
8. Price Quotation will be Rs. per 10 Grams : Example Rs.46000 per 10 Gram
9. Price Quotation is Inclusive of All Import Duties and other Charges but Exclusive of GST
10. Tick Size is Rs. 1 per 10 Gram i.e a Buyer or Seller can Quote price by increasing or Decreasing Price by Rs. 1
11. Delivery Centre is Ahmedabad so if a Buyer or Seller wants to take or Give Delivery it can be done in a Exchange designated Delivery Vault at Ahmedabad : https://www.mcxindia.com/market-operations/warehousing-logistics
Also Read : SIP in MCX 1 Gram Gold Petal
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