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Emkay provides you the facility to trade in commodities through
"Emkay Commotrade Ltd.". With Emkay you can trade on two major Commodity exchanges of the country.
Multi Commodity Exchange of India Ltd, Mumbai (MCX)
National Commodity and Derivative Exchange, Mumbai (NCDEX)
To trade in commodities (Bullion: Gold/Silver, Other Metals and Agricultural commodities) you just need to open an account with Emkay.
Just walk into any of the numerous Emkay branches/franchisees spread across the country and
fill up the client registration form, deposit the requisite upfront margin and start trading in commodity
futures!
Please click here to check the list of
Emkay
outlets.
Margin
Before starting to trade or placing an order for any commodity, you need to have margin money in your account. The margin is around 5-10% for any commodity. You also need to take care of the daily mark-to-market margin to avoid any adverse movement in the commodity prices as per the exchange rules.
Contracts available MCX /
NCDEX………(Available future trade periods of all commodities)
Contracts and expiry date:
MCX: Generally all contracts expire on 15th of the contract month. If the 15th happens to be a holiday, then the contracts expire on the previous working day. However the contract period and expiry dates vary from commodity to commodity.
Between 1st day and 15th of the delivery month (Varies) On designated delivery days, delivery documents alongwith surveyor's certificate can be tendered for settlement.
NCDEX: Trading in any contract month will open on the 21st day of the month, 3 months prior to the contract month i.e. February 2003 contract opens on 21st November 2002. At any given point of time you have 3 different contracts of a commodity available for trade.
20th day of the delivery month, if 20th happens to be a holiday then previous trading day
Transaction duty charges imposed on commodity futures contracts:
Although FMC does not levy any transaction charges as of now but the respective commodity exchanges have levied transaction charges. Transaction charges are in the range of Rs.6 to Rs.10 per lakh / per contract, which may differ for each commodity.
Stamp Duty Rates:
The indicative stamp duty rates in Maharashtra are as under:
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