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IIFL Commodity

IIFL Commodity

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Published by Prajot Morajkar

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Published by: Prajot Morajkar on May 28, 2012
Copyright:Attribution Non-commercial

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05/28/2012

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Commodity:Gold
If we buy GOLDM contract/Expiry for the month of January then the calculation of brokeragewill be:
GOLDM:
100 gm
CMP:
27,500/10gm
Margin %
: 5%
Contract Value
: 2750 (1gm) X 100gm = Rs.2,75,000
Margin Amount:
Rs. 2,75,000 X 5% = Rs. 13,750
Brokerage:
0.05%Calculation of Brokerage for commodity will be:
 
Buy @ Rs. 27500
 
Lot size 100gmContract Value: Rs. 2,75,000Brokerage: Rs. 275000 X 0.05% = Rs. 137.5When we sell this Contract the Calculation will be:
 
Sell@ Rs. 28000
 
Lot size 100gmContract Value = 2800 (1gm) X 100 = Rs. 2,80,000Brokerage: Rs. 280000 X 0.05% = 140The total brokerage charge on buying and selling will be charged as
Rs. 137.50 on Buying + Rs.140 on Selling = Rs. 277.50

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