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Metals

Metals

Metals

India Gold Quanto Futures

Indian households are known to use a big part of their savings in buying gold and silver. This is primarily due to easy and historic understanding of physical bullion and lack of awareness and understanding of other key asset classes like equity, fixed income, and etcetera. In recent years, silver consumption in India has significantly increased with a push on solar energy and household buying.

Contract

Parameters

Contract Symbol

DIG

Underlying

India Gold

Contract Size

1

Notional Contract Value

USD 1.00X Indian Gold Futures Price quoted in INR per 10gms (e.g. Bid 27575 / Offer 27,576)

Trading Currency

USD

Settlement Currency

USD

Price Quote

USD 1.00X Indian Gold Futures Price quoted in INR per 10gms (e.g. Bid 27575 / Offer 27,576)

Tick Size

USD 1

Tick Value

USD 1

Settlement Basis

Cash Settlement

Final Cash Settlement Price

The Final Cash Settlement Price basis shall be the benchmark reference Gold futures price publically available in Indiathat corresponds to the DGCX Contract Month

Last Day of Trading

The Last Day of Trading for Gold Quanto Futures Contracts is the second last Day of Trading of the month immediately preceding the Delivery month

Trading Days

Monday through to Friday

Trading Hours

DGCX Trading Hours

Trading Months

February, April, June, August, October, December (Six contracts at any given point of time)

New Contract Listing

Business Day immediately following the Last Day of Trading

Max Order Size

500 contracts for Banks and institutions promoted by Banks. All other entities 200 contracts

Initial Margin based on SPAN

USD 1,050 per lot (subject to change)

Calendar Spread Margin

100% benefit is offered on calendar spread margins

Daily Price Movement limit

No Limits*

Note 1*: For the avoidance of ‘fat finger’ errors price band shall be USD 900 from previous settlement price. (E.g. if previous settlement price is USD 27,000, the price band is from USD 26,100 to USD 27,900). If price breaches the daily price movement limit, trading in particular contract shall continue, with the new trading price range without any cooling period