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MCX Broker for physical delivery of GOLD MINI??

Discuss MCX Broker for physical delivery of GOLD MINI?? at the Commodities within the Traderji.com - Online community for Indian investors & traders!; Hi... I am interested in trading on MCX but with the option of physical delivery ...


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Old 15th April 2010, 05:13 PM
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Question MCX Broker for physical delivery of GOLD MINI??

Hi...
I am interested in trading on MCX but with the option of physical delivery as a seller. I found out that many brokers don't keep this option and compulsorily square-off the position at the expiry..

Could anyone please suggest any brokers who are involved with physical delivery of gold??


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Old 15th April 2010, 10:50 PM
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Default Re: MCX Broker for physical delivery of GOLD MINI??

Hello amit,
"ridhi shidhi bullion" are trade physical in gold on line.
Ok.
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Old 16th April 2010, 03:47 AM
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Question Re: MCX Broker for physical delivery of GOLD MINI??

Thanks a lot!!
Also, is it confirmed that minimum lot for physical delivery for gold is 1kg??
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Old 16th April 2010, 09:36 AM
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Default Re: MCX Broker for physical delivery of GOLD MINI??

I believe that gold contracts ( full sized not minis) are for 1 Kg.( 100 rs per tick)
Gold Minis are for 100 gm ( 10Rs per tick).
You really should go to the MCX site and read through the contract specifications. This would give you location, quality details, payment schedules etc.
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Old 16th April 2010, 11:38 AM
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Default Re: MCX Broker for physical delivery of GOLD MINI??

Hi..Yes, that's true..GOLD MINI can be delivered in lots of 100gm..Thanks!
I have gone through the entire contract and terms of delivery on MCX Website..

The only issue now is to find a broker who will do all the procedure..
Riddhi Siddhi Bullion mentioned above deal with spot delivery if purchased, not on open positions of futures....

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