NCDEX Gold
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| Gold futures | ||
|---|---|---|
| Exchange | National Commodity & Derivatives Exchange | |
| Settlement | Physically delivered | |
| Trade Unit | 1 kilogram | |
| Point Value | Need point value! | |
| Tick Value | 1 Rupee | |
| Contract Months | All months | |
| Last Trading Day | 20th day of the delivery month. If 20th happens to be a holiday, a Saturday or a Sunday then the due date shall be the immediately preceding trading day of the Exchange, which is other than a Saturday.
The settlement of contract would be by a staggered system of 5 Pay-ins and Pay-outs including the 5th Pay-in and Pay-out which would be the Final Settlement of the contract. | |
| Note: This contract is electronic ONLY -- no open outcry | ||
| No Open Outcry | Electronic | |
| Trading Hours | N/A | Mondays through Fridays: 10:00 AM to 11:55 PM
Saturdays: 10:00 AM to 02:00 PM |
| Ticker Symbol | N/A | GLDPURMUMK |
| Price Limits | N/A | Daily price fluctuation limit is (+/-) 4%. If the trade hits the prescribed daily price limit there will be a cooling off period for 15 minutes. Trade will be allowed during this cooling off period within the price band. Thereafter the price band would be raised by another 50% of the existing limit i.e. (+/-) 2% and trade will be resumed.
If the price hits the revised price band (6%) again during the day, trade will only be allowed within the revised price band. No trade /order shall be permitted during the day beyond the revised limit of (+/-) 6% except such further variations as may be permitted by the regulators. |
