Commodity Market Lot Size in MCX India
When trading commodities on the Multi Commodity Exchange of India (MCX), it is essential for investors to know the applicable lot size for each contract. The lot size refers to the standardized quantity or amount that you can buy or sell for a commodity. Understanding MCX lot sizes is key to properly calculate your contract trade values, brokerage costs as well as profit/loss implications.
For instance, the lot size in MCX gold futures is 10 kg. So if you buy 1 lot of gold futures, you are essentially buying 10 kg of gold through the contract. This also means that the price quotation for gold futures is based on price per 10 kg. Likewise, the crude oil futures lot size on MCX is 100 barrels which is the base quote quantity.
Some other popularly traded commodities and their MCX lot sizes are - silver 30 kg, copper 1 tonne, natural gas 1250 mmBtu, nickel 1 tonne, lead 5 tonne and agricultural commodities like refined soy oil 10 tonne among others. The exchange has standardized these lot sizes to suit the average risk appetite and affordability of Indian retail traders & investors.
It is vital to check the commodity-wise permissible lot sizes on MCX before placing your orders. Some contracts have mini lots of one standard lot, so you can place smaller orders based on your intraday and delivery trades. Having clarity on MCX lot size specifications will ensure you buy/sell the intended contract quantity and can effectivealy implement your trading strategies around commodities. It also aids in optimizing your margins and calculating precise profits or losses per trade. So always cross-check the latest lot size and contract specifications before hitting the Buy or Sell button!
Hope you have read our previous post about commodity trading in India. Here is the chart of lot size of different commodities traded in mcx.
Commodity trading lot size or Commodity market lot size
| Future Contract | Lotsize | Profit or Loss for every 1 Rupee Movement of Underlying |
|---|---|---|
ENERGY COMMODITIES |
||
| CRUDEOIL | 100 BBL | 100 |
| NATURALGAS | 1250MMBTU | 1250 |
PRECIOUS METALS |
||
| GOLD | 1 KG | 100 |
| GOLDGUINEA | 8 GRAMS | 1 |
| GOLDM | 100GRAMS | 10 |
| GOLDPETAL | 1 GRAM | 1 |
| SILVER | 30 KGS | 30 |
| SILVER1000 | 1 KGS | 1 |
| SILVERM | 5 KGS | 5 |
| SILVERMIC | 1 KG | 1 |
BASE METALS |
||
| ALUMINIUM | 5 MT | 5000 |
| ALUMINI | 1 MT | 1000 |
| COPPER | 1 MT | 1000 |
| COPPERM | 250 KGS | 250 |
| NICKEL | 250 KGS | 250 |
| NICKELM | 100 KGS | 100 |
| ZINC | 5 MT | 5000 |
| ZINCMINI | 1 MT | 1000 |
AGRI COMMODITIES |
||
| CARDAMOM | 100 KGS | 100 |
| COTTON | 25 BALES | 25 |
| CPO | 10 MT | 1000 |
| KAPAS | 4 MT | 200 |
| MENTHAOIL | 360 KGS | 360 |
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