MCX Gold Pivot Level Live Chart
About Gold Metal
In financial markets, a pivot point is a price level that is used by traders as a possible indicator of market movement. A pivot point is calculated as an average of significant prices (high, low, close) from the performance of a market in the prior trading period. If the market in the following period trades above the pivot point it is usually evaluated as a bullish sentiment, whereas trading below the pivot point is seen as bearish.
Gold is a dense, soft, shiny, malleable and ductile metal and is a chemical element with the symbol Au and atomic number 79. Pure gold has a bright yellow colour and lustre traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements solid under standard conditions. The metal, therefore, occurs often in free elemental (native) form, as nuggets or grains in rocks, in veins and in alluvial deposits. Less commonly, it occurs in minerals as gold compounds, usually with tellurium.
Contract Specifications of Gold
Contract Start Day
|16th day of contract launch month|
Last Trading Day
|5 th day of contract expiry month.|
|Re. 1 per 10 grams|
Profit/Loss made for every ₹ 1 change
|Monday to Friday|
|10.00 a.m. to 11.30/ 11.55 p.m|
|Minimum 4% or based on SPAN whichever is higher.|