Is the brokerage Rs. 9 per lot possible in Gold lot in MCX
Contracts Trade Qty Price Value Brokerage Amount in
GOLDM 05-APR-2010 BUY 100 16504.00 165040.00 9.0000 -165049.00
GOLDM 05-APR-2010 BUY 100 16504.00 165040.00 9.0000 -165049.00
GOLDM 05-APR-2010 SELL 200 16517.00 330340.00 18.0000 330322.00
Gross Payable ToYou/Receivable from You : 224.00
Total Brok : 36.00 Service Tax (Brok) : 3.71
Transaction Fee : 0.00
Other Charges 33.02
S.Tax on Other Charges 3.40
Total Payable ToYou/Receivable from You : 183.87
For200 gms the totalbrokerage = 36+3.71+33+3.40=_~75rs
For 100 gms it comes to 32 rs
But if u trade on GOLD rather than GOLDM than ur brokerage will reduce drastically
For 1kg it should be around 230 rs
Wheras for 1KG (100 Gms in GOLDM ) = 450 rs
Allfigurers areapproximately
Now tell meam i paying more ,i don't think so am i ?