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Settlement Price
The settlement price shall be the closing price of the bullion contract on the trading day.

Closing price shall be volume weighted average price of the last 30 minutes subject to minimum of 10 trades.

In case of less than 10 trades in the last 30 minutes trading, volume weighted average price of the last 10 trades.

In absence of last 10 trades, volume weighted average price of the last 5 trades.

In absence of last 5 trades, last traded price of the day.

In absence of last traded price of the day, previous days close price taken for the computation.