The India International Bullion Exchange (IIBX) on February 09, 2024, issued a circular regarding the increase in the Single Order Maximum Lot Size in all GOLD Contracts.
The following has been stated: -
•The Members and participants are notified that the Single Order Maximum Lot Size in all Gold Contracts is being increased from 10 kgs to 100 kgs. Thus, the single-order maximum number of lots in all Gold 999 (100 gms) contracts would be 1000, and in all Gold 995 (1 Kg) contracts would be 100. The above changes would be effective from February 12, 2024. All other Contract specifications remain the same.
•The Members and Clients are further advised that they may set the maximum order quantity across all the contracts in the User Settings options on the IIBX BOW Trading Application.
The detailed circular is given in the document attached below.
[Circular No. 20240209-1]
