MCX gold spreads

Hello traders,

I am doing a bit research on how competetive Indian exchanges are to foreign brokers in commodity trading. Please enlighten

All forign brokers currenly provide a standard 50 cent spread on 1 ounce spot gold and its quoted in $. However one of my Indian broker collegue mentioned that mcx is ridiculosly tight spread of 1 paisa. I would like to know from your point of view what are advantages and disadvantages please:thumb:

http://www.mcxindia.com//Uploads/Products/3/Gold_Leaf.pdf

Tick size is 1 rs per 10 gram for gold. lot sizes are 1 KG, 100 Gm for GoldM and 8 gm for Gold guinea.

1 Troy ounce is 31.10 Grams and 1 dollar is about 45 Indian Rupees currently.