Wednesday, May 18, 2016
by
Indian Real Estate News
Silver Commodity Trading in India
Silver as a commodity is traded in three commodity exchanges in India:
- Multi Commodity Exchange (MCX).
- National Commodity & Derivatives Exchange (NCDEX).
- National Multi Commodity Exchange (NMCE).
MCXSilver is traded in 3 contract types:
Silver Mini (SILVERM)- Trading units of 5 kg.
- Base value of 1 kg.
- Price quotation: Ex-Ahmedabad.
- Maximum order size of 600 kg.
- Daily price limit of 4%.
- Tick size (minimum price movement) of Re. 1 per kg.
- Upper limit on positions: 60 MT for all silver contracts combined for individual investors. 300 MT or 15% of market wide open positions for a member collectively investing for all clients.
- Purity grade 999 and fineness 999.
Silver Micro (SILVERMIC)- Trades from Monday to Friday.
- Trading units of 1 kg.
- Base value of 1 kg.
- Price quotation: Ex-Ahmedabad.
- Maximum order size of 600 kg.
- Daily price limit of 4%.
- Tick size (minimum price movement) of Re. 1 per kg.
- Upper limit on positions: 60 MT for all silver contracts combined for individual investors. 300 MT or 15% of market wide open positions for a member collectively investing for all clients.
- Purity grade 999 and fineness 999.
Silver 1000 (SILVER 1000)- Trades from Monday to Friday.
- Trading units of 5 kg.
- Base value of 1 kg.
- Price quotation: Ex-New Delhi.
- Maximum order size of 600 kg.
- Daily price limit of 4%.
- Tick size (minimum price movement) of Re. 1 per kg.
- Upper limit on positions: 60 MT for all silver contracts combined for individual investors. 300 MT or 15% of market wide open positions for a member collectively investing for all clients.
- Purity grade 999 and fineness 999.
NCDEXSilver Futures Contract (SILVERHEDG)
- Trades from Monday to Friday.
- Trading units of 30 kg.
- Price quotation: Ex-New Delhi.
- Maximum order size of 1,500 kg.
- Daily price limit of 4%.
- Tick size (minimum price movement) of Re. 1 per kg.
- Upper limit on positions: 100 MT or 5% of market wide open positions for all silver contracts for clients. 1,000 MT or 20% of market wide open positions for a member collectively investing for all clients.
- Purity grade 999 and fineness 999.
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