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Commodity Trading at Emkay
    

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:

 

Sr. No.
Commodity
Stamp Duty Rate
1
Bullion
Re1 for every unit of 1kg of gold or part thereof
Re1 for every unit of 50kg of silver or part thereof
2
Oil Seeds
Re1 for every 10,000kg (100 quintal or 10MT) of oilseed or part thereof
3
Yarn / Non-mineral Oils/Spices of any kind
Re1 for every 10,000kg or part of thereof the value
4
Cotton
Re1 for every unit of transaction of 4,500kg or part thereof
5
All other commodities
Rs20 per contract {Article 5 (4) of the Bombay Stamp Act.}
 
 
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