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Gold 995

Contract Specifications of Gold 1 Kg
Description GOLD 995 T+0
Trading Period Exchange Business Days
Trading Session 09:00 Hrs. to 18:30 Hrs. Indian Standard Time (IST)
Trading Unit 1 kg
Price Quote US Dollars per Troy Ounce
Maximum Order Size 100 kg
Tick Size (Minimum Price Movement) US$ 0.01
Margin 100%
Settlement Basis Compulsory in BDR form
Delivery Unit 1 kg
Settlement T+0
BDR Settlement Timing Every 30 minutes during Trading Hours
BDR Pay-out Directly into the Demat Account of Client / LPTM
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
Final Cycle (For trades till 18.30 Hrs IST) - 19:00 Hrs. to 21:00 Hrs. IST during the trading day
Quality Specifications 995 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.
Delivery Logic Compulsory in BDR form in the Demat account with the depository.