Silver Commodity Trading in India

  

Silver Commodity Trading in India

Silver as a commodity is traded in three commodity exchanges in India:

1. Multi Commodity Exchange (MCX).
2. National Commodity & Derivatives Exchange (NCDEX).
3. National Multi Commodity Exchange (NMCE).

MCX

Silver is traded in 3 contract types:

Silver Mini (SILVERM)

• Trading units of 5 kg.
• Base value of 1 kg.
• Price quotation: Ex-Ahmedabad.
• Maximum order size of 600 kg.
• Daily price limit of 4%.
• Tick size (minimum price movement) of Re. 1 per kg.
• Upper limit on positions: 60 MT for all silver contracts combined for individual investors. 300 MT or 15% of market wide open positions for a member collectively investing for all clients.
• Purity grade 999 and fineness 999.

Silver Micro (SILVERMIC)

• Trades from Monday to Friday.
• Trading units of 1 kg.
• Base value of 1 kg.
• Price quotation: Ex-Ahmedabad.
• Maximum order size of 600 kg.
• Daily price limit of 4%.
• Tick size (minimum price movement) of Re. 1 per kg.
• Upper limit on positions: 60 MT for all silver contracts combined for individual investors. 300 MT or 15% of market wide open positions for a member collectively investing for all clients.
• Purity grade 999 and fineness 999.

Silver 1000 (SILVER 1000)

• Trades from Monday to Friday.
• Trading units of 5 kg.
• Base value of 1 kg.
• Price quotation: Ex-New Delhi.
• Maximum order size of 600 kg.
• Daily price limit of 4%.
• Tick size (minimum price movement) of Re. 1 per kg.
• Upper limit on positions: 60 MT for all silver contracts combined for individual investors. 300 MT or 15% of market wide open positions for a member collectively investing for all clients.
• Purity grade 999 and fineness 999.

NCDEX

Silver Futures Contract (SILVERHEDG)

• Trades from Monday to Friday.
• Trading units of 30 kg.
• Price quotation: Ex-New Delhi.
• Maximum order size of 1,500 kg.
• Daily price limit of 4%.
• Tick size (minimum price movement) of Re. 1 per kg.
• Upper limit on positions: 100 MT or 5% of market wide open positions for all silver contracts for clients. 1,000 MT or 20% of market wide open positions for a member collectively investing for all clients.
• Purity grade 999 and fineness 999.

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