What is the lot size of gold in MCX?

09/04/2019 Off By admin

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

What is the margin for MCX futures?

Based on Exchange file dated: 20.10.2021

Sl No Commodity Intraday Margin Reqd per lot
1 ALUMINIUM 151,025
2 ALUMINIUM 115,262
3 ALUMINIUM 115,371
4 ALUMINIUM 140,568

Why MCX margin is high?

Many brokers raised their margins to cover price volatility. India’s largest commodity derivatives exchanges, the Multi Commodity Exchange (MCX), raised trade margins to as high as 59.12 per cent on Monday to prevent its trading clients from defaulting due to a sharp decline in crude oil prices.

Is MCX trading profitable?

Commodity trading is profitable and a great option to consider if you want to make good money.

How can I trade in MCX gold?

Beginners guide to trading gold through MCX

  1. 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.
  2. Register – An individual should register himself in order to trade in gold and is required to fill in an application form.

How do you calculate gold profit?

To calculate your potential profit on gold trading, simply multiply your position size by the distance to your target. For example, if you bought 26 ounces of gold at $1255, and you have your take profit set at $1256.23, it means you’re targeting a gain of 123 pips.

What is NRML margin?

What is NRML? In NRML, you’ll be required to pay approximately 20% margin to buy a scrip. The exchange allows the clients to pay the broker the remaining 80% without interest in 2 additional days (within T+2 days).

What is SPAN margin?

SPAN margin is the Initial Margin required by the exchanges in F&O segment. It is calculated on a portfolio (a collection of futures and option positions) based approach. The margin calculation is carried out using a software called – SPAN® (Standard Portfolio Analysis of Risk).

What is the lot size of crude oil in MCX?

100 Barrels
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Commodities Price Quotation Lot Size
CRUDE OIL Rs./Barrels 100 Barrels
NATURAL GAS Rs./mmbtu 1250 mmbtu
COPPER Rs./Kg 2500 MT
NICKEL Rs./Kg 1500Kg

Is it good to invest in MCX?

Sharing the important levels in regard to MCX shares Mudit Goel, Senior Research Analyst at SMC said, “MCX is strongly recommended for buy at current levels for the immediate target of ₹1,560. One can hold the counter for next target of ₹1,600 as well.

How do you get rich trading commodities?

How to Make Money with Commodities Indexes

  1. Own the futures contracts. One of the most direct ways of tracking the performance of an index is to own the contracts the index tracks.
  2. Invest with a third-party manager.
  3. Own futures contracts of the index.
  4. Make use of exchange-traded funds.

How to calculate margin for commodity trading on MCX?

To calculate the margins required for intraday commodity trading on the MCX, use the Intraday MIS product with SAMCO. Additional leverage while trading commodities intraday can be availed by using the Cover Order or Bracket Order product with SAMCO. Check out our margin policies for details on these 2 products.

How much margin do you need for gold futures?

Lets say, you want to buy one lot of “Gold M (100 gram)” in futures, you need only 4% margin. It means you need cash for only 4 grams (4% on 100 grams). Lets say 1 gram Gold trades at 3000 Rupees.

How much margin do I need for a commodity?

Commodity Margin List (MCX) – Margin Required to Trade Symbol Margin (%) Lot Size CMP Margin Required (Rs) COTTON 5 25 Bales 17,570 21,962 CPO 5 1000 KG 571 28,560 CRUDEOIL 5 100 BBL 4921 24,605 GOLD 4 100 Grams 30,199 1,20,796

How much margin do I need for crude oil?

Commodity Margin List (MCX) – Margin Required to Trade Symbol Margin (%) Lot Size CMP Margin Required (Rs) CRUDEOIL 5 100 BBL 4921 24,605 GOLD 4 100 Grams 30,199 1,20,796 GOLDM 4 10 Grams 30,007 12,006 GOLDGUINEA 4 8 Grams 24,037 961