Increased Single Order of gold, effective from February 12

In the announcement for their Members, Qualified Jewellers, Qualified Suppliers and India-UAE TRQ Holders, IFSC Authorised Vaults and India International Bullion Depository IFSC Limited (IIDI), the IIBX said that they have increased in the Single Order Maximum Lot Size in all Gold Contracts!

The Members and participants are hereby notified that Single Order Maximum Lot Size in all Gold Contracts is being increased from 10 kgs to 100 kgs. Thus, single order maximum number of lots in all Gold 999 (100 gms) contracts would be 1000 and in all Gold 995 (1 Kg) contracts would be 100. The above changes would be effective from February 12, 2024. All other Contract specifications remain the same.   

The Members and Clients are further advised that they may set the maximum order quantity across all the contracts in the User Settings options on IIBX BOW-Bullion on Web (BOW), Trading Application.  This is an optional facility available for the risk management on the trading terminal provided by IIBX.

If no values are set, the default value would be as per the maximum limits defined by the Exchange at contract level. The system would prevent any order above the User defined / Exchange defined maximum order quantity, as the case may be.

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