Gold Petal is a unique futures contract traded on the Multi Commodity Exchange (MCX) of India. Each contract lot size is just 1 gram of gold, while the lot size of Gold Mini is 100 grams, and the standard Gold contract lot size is 1 kilogram.
Contents:
- Gold Petal Mcx
- Contract Specifications – Gold Petal
- Gold Petal Vs Gold Guinea
- How to invest in Gold Petal Mcx?
- Gold Petal Mcx – Quick Summary
- Gold Petal – FAQs
Gold Petal Mcx
In MCX, Gold Petal contracts in India are designed to make the futures market more accessible to small investors. Each contract represents just 1 gram of gold, making it a more affordable option for investing in this asset class.
To provide a comparison, let’s take a look at two other common types of gold contracts traded on the MCX:
- Gold Mini (GoldM): Each Gold Mini futures contract represents 100 grams of gold. This is a smaller contract than the standard gold contract and might be a suitable option for individuals or organizations that want more exposure than Gold Petal provides but without the significant capital required for standard gold contracts.
- Gold: This is the standard futures contract, where each contract represents 1 kilogram, or 1,000 grams, of gold. These contracts are usually preferred by large institutional investors who have significant capital at their disposal.
So, to summarize:
Gold Petal = 1 gram
Gold Mini (GoldM) = 100 grams
Gold = 1,000 grams
Contract Specifications – Gold Petal
Contract specifications for Gold Petal Futures contracts on MCX can be presented in the following table:
| Specification | Details |
| Symbol | GOLDPETAL |
| Commodity | Gold Petal |
| Contract Start Day | 6th day of the contract launch month. If the 6th day is a holiday, then the following business day |
| Expiry Date | 5th of the contract expiry month. If the 5th is a holiday, then the previous business day |
| Trading Session | Monday to Friday: 9:00 AM – 11:30 PM/11:55 PM (Daylight saving) |
| Contract Size | 1 gram |
| Purity of Gold | 995 fineness |
| Price Quote | Per gram |
| Maximum Order Size | 10 Kg |
| Tick Size | ₹0.50 |
| Base Value | 1 gram of Gold |
| Delivery Unit | 8 grams (Minimum) |
| Delivery Centre | At all Delivery Centers of MCX |
Gold Petal Vs Gold Guinea
The main difference between Gold Petal and Gold Guinea is their size. Gold Petal represents 1 gram of gold, whereas Gold Guinea represents 8 grams.
| Parameter | Gold Petal | Gold Guinea |
| Contract Size | 1 gram | 8 grams |
| Ideal for | Retail and small investors due to smaller contract size | Investors looking for larger exposure and willing to invest more capital |
| Total Contract Value | Lower due to smaller contract size | Higher due to larger contract size |
| Risk | Lower risk due to smaller exposure | Higher risk due to larger exposure |
| Flexibility | Higher flexibility with smaller contracts | Less flexibility with larger contracts |
| Delivery Centers | Mumbai, Ahmedabad | Mumbai, Ahmedabad, Delhi, Chennai |
| Delivery Unit | 1 gram of gold of 995 fineness, packed in tamper-proof certified packs | 8 grams of gold (1 Guinea) of 995 fineness |
How to invest in Gold Petal Mcx?
To invest in Gold Petal MCX, follow these steps:
- Open a trading account with a registered commodity broker like Alice Blue.
- Complete the KYC process by providing the required documents.
- Deposit the required margin in your trading account.
- Start buying or selling Gold Petal contracts through the trading platform provided by the broker.
Investing in Gold Petal contracts allows smaller investors to gain exposure to the gold market without needing a significant amount of capital.
We hope that you are clear about the topic. But there is more to learn and explore when it comes to the stock market, commodity and hence we bring you the important topics and areas that you should know:
| Gold Mini |
| Gold Guinea |
| Silver Micro |
| Zinc Mini |
| Aluminium Mini |
| Crude Oil Mini |
| Silver Mini |
| Natural Gas Mini |
| SIP vs ELSS |
Gold Petal MCX – Quick Summary
- Gold Petal is a unique gold futures contract traded on MCX, representing just 1 gram of gold.
- On MCX, Gold Petal offers a cost-effective entry to the gold futures market for smaller investors.
- Gold Petal and Gold Guinea are futures contracts, but Gold Petal signifies 1 gram of gold, and Gold Guinea represents 8 grams.
- Gold Petal contracts on MCX have specific specifications, including a 1-gram contract size, 995 purity, and monthly expiry.
- Investing in Gold Petal MCX involves opening a trading account, completing the KYC process, depositing a margin, and executing trades through the broker’s platform.
- Invest in gold petax with Alice Blue. You can save more than ₹ 1100 per month on brokerage fees with their 15 Rs plan of AliceBlue. They also don’t levy clearing charges.
Gold Petal – FAQs
1. What is the Gold Petal Mcx?
Gold Petal MCX is a type of gold futures contract traded on the Multi Commodity Exchange (MCX) in India. Each Gold Petal contract represents 1 gram of gold, making it a cost-effective option for retail investors to participate in the gold futures market.
2. What is the lot size of gold petal in MCX?
Here’s the requested information about the Gold Petal contract lot size presented in a table format:
| Specification | Details |
| Commodity | Gold Petal |
| Lot Size | 1 (Each contract represents 1 gram of gold) |
3. What is the difference between gold and gold petal?
The key difference between gold and Gold Petals is how they are traded. Physical gold can be bought or sold in physical markets, whereas Gold Petal is a futures contract representing 1 gram of gold and is traded on the MCX.
4. How much does gold petal weigh?
A Gold Petal contract represents 1 gram of gold. Therefore, the weight of the Gold Petal is equivalent to 1 gram of gold.
5. What is the difference between gold petal and gold mini?
The primary difference between Gold Petal and Gold Mini is the lot size of Gold Petal contract is 1 gram of gold, whereas the lot size of Gold Mini contract is 100 grams of gold.
