Any Questions on Commodities Trading and Physical Delivery,kindly post here.

bullnarsing

bullnarsing

Member
#2
#2
jack2k1 said:
i look forward to answer the question on commodity trading and physical deliveries please post your queries here,
Click to expand...
i want details for silver physical trading.from spot exchange like nsel. but i dont know what is the prosess.anybody do this near hyderabad.plz advise me.
thanks in advanse
 
P

p.vinit

New Member
#3
#3
the process is exactly the same as BSE cash segment..e silver units get credited to your dmat a/c in t+2 day (online or cheque payment), n you can take the physical delivery of the units too (min 100 gms of coins/bar)..charges that you need to pay (in case of physical delivery) is Rs.150 for delivery, Rs.100/100 gms, Rs.200/1 kg or 5 kg (making charges)+ VAT 1% OF VALUE OF DELIVERY and Octroi 2 % (applicable in mumbai)..delivery should be taken frm exchange designated warehouses.. any other info needed.. let me know
 
N

Newbie Day-Trader

Well-Known Member
#4
#4
jack2k1 said:
i look forward to answer the question on commodity trading and physical deliveries please post your queries here,
Click to expand...
It's great to see someone taking an initiative to answer commodities-related queries :thumb:; people almost everywhere always seem to be talking about stocks & stock-indices & therefore too many people seem to be incognizant about the fact that trading commodities can be just as fruitful. Cheers. :)
 
P

p.vinit

New Member
#7
#7
sr114 said:
can crude oil contract can be taken as delivery?

regards
sr114
Click to expand...
In futures- MCX/NCDEX. only 2% of the entire traded volume turns out in physical delivey. Most the contratcs gets square before the contract expiry. If on the expiry the position is open then, the buyer- seller. have to fulfill the obligation..
 
bullnarsing

bullnarsing

Member
#8
#8
p.vinit said:
the process is exactly the same as BSE cash segment..e silver units get credited to your dmat a/c in t+2 day (online or cheque payment), n you can take the physical delivery of the units too (min 100 gms of coins/bar)..charges that you need to pay (in case of physical delivery) is Rs.150 for delivery, Rs.100/100 gms, Rs.200/1 kg or 5 kg (making charges)+ VAT 1% OF VALUE OF DELIVERY and Octroi 2 % (applicable in mumbai)..delivery should be taken frm exchange designated warehouses.. any other info needed.. let me know
Click to expand...
thanks vineet.are yuo telling details about nsel or mcx:confused:

is octroi pay in hyderabad too delivery.:confused:

is there any licence require for buy and sell for retail customers(in case when we sell to local shops):confused:

and what about the sales tax:confused:

thanks in advanse
 
P

p.vinit

New Member
#9
#9
smaharshi said:
Hi Jack , I am new to commodity. I am interested in silver mini. can u tell me how to start .. i mean really from start..
Click to expand...
First select a broker, open trading a/c, give a margin check (5-7% of the buy value.. say 1 lot of silver mini- 5 kg, it will cost you- current price quote of 1 kg (say 50000) multiplied by 5- gives you 250000* 5%=12500 i.e. margin cheque), a/c opening takes 2-3 days (select a good brokerage house).. start trading..
 
P

p.vinit

New Member
#10
#10
bullnarsing said:
thanks vineet.are yuo telling details about nsel or mcx:confused:

is octroi pay in hyderabad too delivery.:confused:

is there any licence require for buy and sell for retail customers(in case when we sell to local shops):confused:

and what about the sales tax:confused:

thanks in advanse
Click to expand...
I am talking about nsel,
octroi is payable there 2 (no idea abt rate)
e silver units cant b sold to local shops (dmat units), can only b sold via exchange to other buyer.. however NSEL is coming out with an incentive where you can sell ur dmat units to jewellers and take jewellery..
No sales tax (90%- not sure on that)
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
T Some Octafx questions Forex 0
S Few questions for Traders and Investors General Chit Chat 0
goldenedge Here are the basic questions you need to ask yourself before opening a trade. Trading Psychology 4
V Chartink beginner filter questions Algo & Automated Trading 1
H Few basic questions on commodities . seniors kindly guide Commodities 11

Similar threads