Factors Influencing/Impacting the MCX Gold Petal
- Above ground supply of gold from central bank's sale, reclaimed scrap, and official gold loans.
- Hedging interest of producers/miners.
- World macroeconomic factors such as the US Dollar and interest rate, and economic events.
- Commodity-specific events such as the construction of new production facilities or processes, unexpectedmine or plant closures, or industry restructuring, all affect metal prices.
- In India, gold demand is also determined to a large extent by its price level and volatility.
Contract Basis : Monthly(All Month Contracts Available)
No of Contracts of a year :12
Contract Duration :3 Months
Price Quotation(Quoted Price) : 1 gm
Lot size : 1
Margin Percentage :4% of lot value(Generally)
Margin/Investment Required to
Trade Brent Crude Oil : Approx.Rs.150-Rs.300(Subject to change as per MCX Exchange)
Tick Size : Rs.1
Tick Value : Rs.1 Per Tick
Value for One Point/Price
Variation(Up/Down) : Rs.1
Trading period : Monday through Saturday
Trading session/Timings : Monday to Friday: 10.00 a.m. to 11.30 p.m.
Saturday: 10.00 a.m. to 2.00 p.m.
No of Contracts of a year :12
Contract Duration :3 Months
Price Quotation(Quoted Price) : 1 gm
Lot size : 1
Margin Percentage :4% of lot value(Generally)
Margin/Investment Required to
Trade Brent Crude Oil : Approx.Rs.150-Rs.300(Subject to change as per MCX Exchange)
Tick Size : Rs.1
Tick Value : Rs.1 Per Tick
Value for One Point/Price
Variation(Up/Down) : Rs.1
Trading period : Monday through Saturday
Trading session/Timings : Monday to Friday: 10.00 a.m. to 11.30 p.m.
Saturday: 10.00 a.m. to 2.00 p.m.
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