What is expiry date in MCX gold?
Table of Contents
What is expiry date in MCX gold?
MCX Precious metals expiry
| Contracts | Expiry | Allowed Date/Time |
|---|---|---|
| Gold Petal, Gold Guinea, SilverM and Silvermic | 30-11-2021 | 23-11-2021 9 PM |
| Gold mini | 03-12-2021 | 26-11-2021 9 PM |
How can I buy physical gold from MCX?
Beginners guide to trading gold through MCX
- Find and select a broker – Brokering firms are the best way to enter the MCX and one should choose a firm which matches his/her ideals and aspirations.
- Register – An individual should register himself in order to trade in gold and is required to fill in an application form.
How do gold contracts work?
Gold futures have a range of contract dates including monthly for the next two months and up to six years in the future. A futures contract buyer locks in the right to buy gold at the current contract price, and a seller locks in the same price to deliver the gold on the contract date.
Can I take delivery of gold in MCX?
The investor can purchase the gold online with the MCX scheme. Another advantage with the MCX scheme is that the investor has the option of taking the delivery of the gold or keep it in his Demat account. The MCX will charge Rs 100 as making a charge at the time of delivery.
What is the lot size of gold in MCX?
The following Lot Sizes are available to trade on MCX Exchange for Gold Contract:
| Contracts | Price Quote | Lot Size |
|---|---|---|
| Gold | 10 grams | 1 Kgs |
| Gold Mini | 10 grams | 100 grams |
| Gold Guinea | 8 grams | 8 grams |
| Gold Petal | 1 gram | 1 gram |
Can we buy gold from commodity market?
One can buy gold on commodity exchange and by following a simple process can take delivery of physical gold. on days which are considered Auspicious. Indians invest in gold for many reasons like Investment, Children Marriage, exchange old jewellery or gold for new designs and patterns, fashionable gold jewellery.
What is gold petal in MCX?
Gold Petal is the oldest precious metal known to man and for thousands of years it has been valued as a global currency, a commodity, an investment and simply an object of beauty.
How much is a gold contract?
For example, one futures contract for gold controls 100 troy ounces, or one brick of gold. 1 The dollar value of this contract is 100 times the market price for one ounce of gold. If the market is trading at $600 per ounce, the value of the contract is $60,000 ($600 x 100 ounces).
How do you get a gold contract?
Each option contract controls 100 ounces of gold. If the cost of an option is $12, then the amount paid for the option is $12 x 100 = $1200. Buying a gold futures contract which controls 100 ounces requires $7,150 in initial margin. Buying physical gold requires the full cash outlay for each ounce purchased.
Which gold is traded on MCX?
Gold is one of the most popular bullion contracts that gets traded on MCX. The gold contract comes in a few variants – Big Gold, Gold Mini, Gold Guinea, and Gold Petal. Big Gold is the most popular contract, but requires a margin over Rs. 1,25,000/-.