||Daily contract for trading in
Demat E-GOLD units
||Mondays through Fridays (except
Exchange specified holidays)
||10:00 AM to 11:30 PM
||1 unit of E-GOLD, which is equivalent
to 1 gram of Gold
|Price Quote/Base Value
||Per 1 gram Gold of 995 purity
|Tick size (minimum price movement)
||10 paise per unit
|Daily Price Range
|Maximum order size
||In case of additional volatility,
a special margin of such percentage, as deemed fit, will be
imposed immediately on both buy and sale side in respect of
all outstanding position, which will remain in force for the
same trading day.
||1 unit and multiple thereof.
Delivery shall be accepted only in demat form.
||Grade: 995 and Fineness: 995
Only dematerialized units of E-GOLD are eligible for trading
and delivery in this contract.
|Tender and Delivery day
||T+2 (2 working day from the date
All open positions (buy and Sell trades) must result into compulsory
delivery in demat form on the designated delivery day.
|Other conditions applicable
- Only such clients/ members shall create sale position
in this contract, who are holding demat E-GOLD units in
their account. Persons holding gold bars/ coins in physical
form must not create any sale position in this contract,
as it is compulsory demat settlement contract.
- Before creating any buy position in this contract, the
client must open his beneficiary account for NSEL trading.
- Intra day trading and netting is permitted, but short
sale is not allowed. In case of short sale, the position
will be settled by buying in auction of undelivered position.