Gold Petal is a one
gram gold contract traded on Multi commodity exchange,India.Delivery is
available in demat or physical form for accumulation of 8 grams.It is a good investment option for retail
investors.They can buy 1 gram gold futures contract with nominal margin money
.Purity is 999 and approved by London Bullion market association(LMBA).
Benefits
1.No Making charges or fund management charges.
3.Can trade in MCX from 10 am to 11.55 pm.
4.Need to pay only 5 % initial margin to buy the contract.ie; Margin of 1 gold petal is only Rs.140.So, it is the most cost effective way to trade in gold.
5.Can carry forward to the next month contract.
Investors can avail this facility by opening a trading account with members of multi commodity exchange.
Benefits
1.No Making charges or fund management charges.
3.Can trade in MCX from 10 am to 11.55 pm.
4.Need to pay only 5 % initial margin to buy the contract.ie; Margin of 1 gold petal is only Rs.140.So, it is the most cost effective way to trade in gold.
5.Can carry forward to the next month contract.
Investors can avail this facility by opening a trading account with members of multi commodity exchange.
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