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Silver Grains

Contract Specifications of Silver Grains
Description SILVER Grains T+0
Trading Period Exchange Business Days
Trading Session 09:00 Hrs. to 17:30 Hrs. Indian Standard Time (IST)
Trading Unit 20 Kg
Price Quote US Dollars per Troy Ounce
Maximum Order Size 5000 kg
Tick Size (Minimum Price Movement) US$ 0.005
Margin 100% Early Pay-in from Buyers & Sellers
Delivery
Settlement Basis Compulsory in BDR form
Delivery Unit 20 Kg
Settlement T+0
BDR Settlement Timing Every 30 minutes during Trading Hours
BDR Pay-out Directly into the Demat Account of Client / LPTM
Funds Settlement Timing 18:00 Hrs. to 21:00 Hrs. Indian Standard Time (IST) same day
Quality Specifications Grade: 999 and Fineness: 999 (as per IS 2112: 1981)
  • No negative tolerance on the minimum fineness shall be permitted.
  • If it is below 999 purity it is rejected.

Every bag must be sealed. The seal must carry an identifying number, the Accredited Member’s name, and/or hallmark/brand stamp and the exact total weight of the silver grains contained and it must be supplied by LBMA approved suppliers or other suppliers as may be approved by IIBX.
Delivery Logic Compulsory in BDR form in the Demat account with the depository.