Gold Guinea

Multi Commodity Exchange of India Ltd (MCX) is a demutualised exchange with permanent recognition from the
government of India. MCX offers futures trading in 56 commodities including bullion, energy, grains, plastics, metals, oil
and oilseeds, fibres, spices, pulses, sugar, plantations and carbon credits as on March 31, 2008. The average daily
turnover on the MCX platform was Rs. 102,827.60 million during fiscal 2007-08.

INTRODUCTION
Gold is primarily a monetary asset and partly a commodity. More than two-thirds of the total accumulated
gold holdings are with central banks as reserves, with private players, and also incorporated into precious
jewellery. Less than a third of the total accumulated gold holdings is used as a commodity for jewellery in
the Western markets and in industry.

WORLD COIN MARKET

• World consumption of official coins and medals in 2006 was 180 tons approximately (source: GFMS
ltd.) of which India sales accounted for approximately 35 tons (source: WGC)
• Demand of coins for retail investment is increasing at a rate of 30% - 40% per annum (source: GFMS Ltd.)

World investment Demand (2001-2006)

800

600
Tonnes

400

200

0
2001 2002 2003 2004 2005 2006

180 tons Official Coins Imitation Coins/Medals Bar Hoarding Gold ETFs

(approx.) of Data: GFMS Ltd.

coins &
medals were OTHER USES
• Corporates / Jewellers: As gift to employees, distributors, and clients
consumed in • Individuals: Gifting coins to relatives and friends on festivals and special occasions
2006, globally

www.mcxindia.com For private circulation only.

 CONTRACT SPECIFICATIONS OF GOLD GUINEA

Symbol GOLDGuinea
Description GOLDGuineaMMYY
Contracts available for trading All months
Trading period Mondays through Saturdays
Trading session Monday to Friday: 10.00 a.m. to 11.30 p.m.
Saturday: 10.00 a.m. to 2.00 p.m.
Trading unit 8 grams
Price Quote Ex-Ahmedabad (inclusive of all taxes and levies relating
to import duty, customs, but excluding Sales Tax / VAT,
any other additional tax or surcharge on sales tax, local
taxes, and octroi)
Maximum order size 10 kg
Tick size (minimum price movement) Re. 1 per 8 grams
Daily price limits 3%
Initial margin 4%
Special Margin In case of additional volatility, a special margin at such
percentage, as deemed fit, will be imposed immediately
on both buy and sale side in respect of all outstanding
positions, which will remain in force for next 2 days,
after which the special margin will be relaxed.
Retail Maximum Allowable
Open Position
For individual client: 2 MT Open Position
For a member collectively for all clients: 6 MT or 15% of
investment is the market’s open position, whichever is higher (all gold
contracts inclusive: Gold, Gold Mini, Gold Guinea)
increasing DELIVERY
at a rate of Delivery unit 8 grams coin in the multiples of 8
30% - 40% p.a. Delivery Period Margin 25%
Delivery centre(s) G4 Securitas at Ahmedabad and at additional delivery
centres at New Delhi, Mumbai, Hyderabad, Bangalore,
Chennai, and Kolkata.
Quality Specifications 995 purity,
It should be serially numbered Gold Guinea supplied by
LBMA-approved suppliers or other suppliers as may be
approved by MCX, to be submitted along with supplier’s
quality certificate
If the seller offers Seller will get a proportionate premium and sale
delivery of 999 purity proceeds will be calculated in the manner or Rate of
delivery * 999/995
If the quality is less than 995 finesse, it is rejected.
Delivery Logic Compulsory

Note: Please refer to the exchange circulars for the latest contract specifications and delivery and settlement
procedures.
www.mcxindia.com

For Customer Support : +91-22-66494040

To get the latest futures price of a commodity, sms “MCX <Commodity Name>” to 55454
Exchange Square, CTS No. 255, Suren Road, Andheri East, Mumbai – 400093, India.
Tel. No. 91-22-6731 8888 • info@mcxindia.com • www.mcxindia.com
12/2008

Disclaimer: The information provided here is not guaranteed for its accuracy or completeness. It is solely meant for information dissemination and knowledge sharing.
Neither Multi Commodity Exchange of India Ltd. (MCX) nor its employees accepts any liability, whatsoever, for any trading decision and loss incurred or arising
from the use of this publication. MCX or any of its affiliates makes no warranties as to the accuracy of information or results to be obtained from its use.