MCX GOLD GLOBAL LAUNCHED TODAY : 14.07.2015


Basic details of GOLD GLOBAL contract at MCX :

Lot size: 200 grams.

Tick size: Re 1 /10 gram.

Profit /loss per 1 Re = Rs 20.

Contract size: 475000 /-approx.

Margin required: 23500 approx.

Conversion factor: 0.321507425.

Expiry: Bi monthly as per International market.

Spread margin benefitsnly 25% of total margins is levied.
DDR: International prices *RBI reference rate *0.321507425.

Delivery logic: Both option .
bsk_research: Benefits of MCX Gold Global contract:
1. Arbitrage between Gold and Gold Global.
2. Lower contract value means lower CTT (10% saving on CTT)
3. NO impact of local taxes and custom duty change.
4. Easy to understand (simple multiplication of international prices into INR).
5. No need to go for separate Rupee hedge.
6. Spread margin benefits in different liquid GOLD contracts of MCX 
Presented by

DISCLAIMER

The suggestions made herein are for information purposes and are not recommendations to any person to buy or sell any securities. The information is derived from various sources that are deemed to be reliable but its accuracy and completeness are not guaranteed.Our blog does not accept any liability for the use of this column. Readers of this column who buy or sell securities based on the information in this column are solely responsible for their actions. And we won't be liable or responsible for any legal or financial losses made by anyone .Any surfing and reading of the information available in this blog is the acceptance of this disclaimer.