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Gold 12.5 9999 T+0

Contract Specifications of Gold 12.5 kgs 9999 T+0 - GIFT City & Chennai – LBMA
Description GOLD 12.5 9999 T+0
Trading Period Exchange Business Days
Trading Session 09:00 Hrs. to 21:30 Hrs. Indian Standard Time (IST)
Trading Unit 12.5 kg
Price Quote US Dollars per Troy Ounce
Maximum Order Size 500 kg
Tick Size (Minimum Price Movement) US$ 0.01
Margin 100%
Delivery
Settlement Basis Compulsory in BDR form
Delivery Unit 12.5 kg
Settlement T+0
BDR Settlement Timing Every 30 minutes during Trading Hours
BDR Pay-out Directly into the Demat Account of Client / Special category client (SCC)
Funds Settlement Timing 1st Cycle (For trades till 12:00 Hrs IST) - 12:15 Hrs. to 14:15 Hrs IST during the trading day
2nd Cycle (For trades till 15:00 Hrs IST) - 15:15 Hrs. to 17:15 Hrs IST during the trading day
3rd Cycle (For trades till 18:30 Hrs IST) - 18:45 Hrs. to 20:40 Hrs. IST during the trading day
Final Cycle (For trades till 21:30 Hrs IST) - 21:30 Hrs. to 23:30 Hrs. IST during the trading day
Quality Specifications 9999 purity,
These Gold bars should be serially numbered Gold bars supplied by LBMA approved suppliers or other suppliers as may be approved by IIBX. These Gold bars are to be submitted along with supplier’s quality certificate.
Settlement Mechanism Weight of the bar shall be within 10.9 kilograms (350 fine troy ounces) to 13.4 kilograms (430 fine troy ounces) and final settlement will take place accordingly as per exact weight.
Delivery Logic Compulsory in BDR form in the Demat account with the depository.


Contract Specifications of Gold 12.5 kgs 9999 T+0 - GIFT City & Chennai – LBMA
Description GOLD 12.5 9999 T+0
Trading Period Exchange Business Days
Trading Session 09:00 Hrs. to 21:30 Hrs. Indian Standard Time (IST)
Trading Unit 12.5 kg
Price Quote US Dollars per Troy Ounce
Maximum Order Size 500 kg
Tick Size (Minimum Price Movement) US$ 0.01
Margin 100%
Delivery
Settlement Basis Compulsory in BDR form
Delivery Unit 12.5 kg
Settlement T+0
BDR Settlement Timing Every 30 minutes during Trading Hours
BDR Pay-out Directly into the Demat Account of Client / Special category client (SCC)
Funds Settlement Timing 1st Cycle (For trades till 12:00 Hrs IST) - 12:15 Hrs. to 14:15 Hrs IST during the trading day
2nd Cycle (For trades till 15:00 Hrs IST) - 15:15 Hrs. to 17:15 Hrs IST during the trading day
3rd Cycle (For trades till 18:30 Hrs IST) - 18:45 Hrs. to 20:40 Hrs. IST during the trading day
Final Cycle (For trades till 21:30 Hrs IST) - 21:30 Hrs. to 23:30 Hrs. IST during the trading day
Quality Specifications 9999 purity,
These Gold bars should be serially numbered Gold bars supplied by LBMA approved suppliers or other suppliers as may be approved by IIBX. These Gold bars are to be submitted along with supplier’s quality certificate.
Settlement Mechanism Weight of the bar shall be within 10.9 kilograms (350 fine troy ounces) to 13.4 kilograms (430 fine troy ounces) and final settlement will take place accordingly as per exact weight.
Delivery Logic Compulsory in BDR form in the Demat account with the depository.