{"id":1445,"date":"2018-02-25T14:21:22","date_gmt":"2018-02-25T08:51:22","guid":{"rendered":"https:\/\/www.antworksmoney.com\/blog\/?page_id=1445"},"modified":"2018-06-20T15:20:52","modified_gmt":"2018-06-20T09:50:52","slug":"trading-gold-mcx","status":"publish","type":"page","link":"https:\/\/www.antworksmoney.com\/blog\/trading-gold-mcx\/","title":{"rendered":"Trading Gold Through MCX"},"content":{"rendered":"

Beginners guide to trading gold through MCX<\/h2>\n

The world of trading can seem daunting to the uninitiated, and failure to understand it can lead to your downfall. First-time investors need to follow a few simple steps to enjoy the features and benefits of this market.<\/p>\n

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  1. Find and select a broker<\/strong>\u00a0\u2013 Brokering firms are the best way to enter the MCX and one should choose a firm which matches his\/her ideals and aspirations. One should ensure that the broker is registered on the MCX.<\/li>\n
  2. Register<\/strong>\u00a0\u2013 An individual should register himself in order to trade in gold and is required to fill in an application form. This application should be filled with the relevant details and a copy of requisite documents should be provided. Registration is complete on submitting this form.<\/li>\n
  3. Know the minimum amount<\/strong>\u00a0\u2013 Every commodity has a minimum investment amount and an individual should ensure he\/she meets this minimum requirement while investing. The minimum amount for gold is around Rs.5,000, with this amount depending on the value of a commodity.<\/li>\n
  4. Money transfer<\/strong>\u00a0\u2013 One cannot trade until money is transferred to the broker. This amount can be transferred by DD, cheques or net banking. Once this is done, an individual can log on to his\/her account and participate in trade.<\/li>\n<\/ol>\n

    Documents required<\/h2>\n

    The following documents are required to open an MCX account.<\/p>\n