MCX: Lot Size, Tick Size & Profits:

The price of a financial instrument may vary based on the supply and demand for that financial instrument. In Trading, Tick size (Tick Movement, Tick Data) is the smallest amount a price can change when the market trend is up or down. You would have placed buy order or sell order but there may be no momentum, or more volatility or range bound for that financial instrument. You will not be sure whether you have to book profit or get out with loss. The following table will help you to know about the minimum amount a price has to increase/or decrease from your cost price so that you can get out with little profit/little loss.
The column Min Price Rs. serves as a bench mark for your profits and losses. On the trading terminal, you can see the prices quoted on "Quotation/Base Value" and not on "Trading Unit".
The below mentioned formulae in the table (Formula Table) will provide information about all columns and how they are linked to derive profits. If the market is range bound, you can do multiple transactions for the same product or multiple products and earn more profits.

• Brokerage/Commission: We are assuming that .03% (.0003) is charged by your broker. Calculation�s accuracy is close to 100%.
• Most of the prices mentioned are in rupees. For certain product like GOLDGUINEA, they may charge a flat fee. They may not charge brokerage charge of .03%.

Formula Table:

Commodity	Name of the Commodity
Trading Unit	Actual Trading Unit
Quotation/Base Value	Actual Quotation/Base Value
Lot Size (Qty)	Trading Unit Divided by Quotation/Base Value
Bought Price (Cost Price) Rs.	The Price that you bought
Sold Price Rs.	The Price that you sold
Min Price Rs.	The minimum price, it has to increase (LONG), or decrease (SHORT), so that you can get out with minimum profits. Formula: Sold Price Minus Bought Price
Profit Rs.	The minimum profit. Formula: ((Sold Price - Bought Price) * Lot Size) Minus ((Bought Price * Lot Size * .0003) + (Sold Price * Lot Size * .0003))
Tick Size Rs.	The minimum price, it will increase or decrease.
Tick Size (Example) Rs.	Example for tick price. Tick Size example is based on Bought Price for MCX and Sold Price for NCDEX.

In MCX Tick Size table, we have taken example as GOLD. Similarly you can do the calculation for all MCX PRODUCTS or NCDEX PRODUCTS.
Example: GOLD. If GOLD price has increased by 12 rupees, then you come out with minimum profits.
Trading Unit = 1 kilograms = 1000 grams
Quotation/Base Value: 10 grams
Lot Size = 1000 grams/10 grams = 100
Bought Price = 18400; Sold Price = 18412; Min Price = (18412 - 18400) = 12
Profit = ((18412 - 18400) * 100) Minus ((18400*100*.0003) + (18412 *100*.0003)
= ((12*) *100)) Minus ((552) + (552.36))
= (1200) Minus (1104.36)
=95.64

MCX Tick Size:

Commodity	Trading Unit	Quotation/Base Value	Lot Size (Qty)	Bought Price (Cost Price) Rs.	Sold Price Rs.	Min Price Rs.	Profit Rs.	Tick Size Rs.	Tick Size (Example) Rs.
GOLD	1 kilogram	10 grams	100	18400	18412	12.00	95.64	Re. 1 per 10 grams	18399 or 18401
GOLDM	100 grams	10 grams	10	18400	18412	12.00	9.564	Re. 1 per 10 grams	18399 or 18401
GOLDGUINEA	8 grams	8 grams	1	18400	18412	12.00	0.9564	Re. 1 per 8 grams	18399 or 18401
SILVER	30 kilograms	1 kilogram	30	28000	28017	17.00	5.847	Re. 1 per kilogram	27999 or 27801
SILVERM	5 kilograms	1 kilogram	5	28000	28017	17.00	0.9745	Re. 1 per kilogram	27999 or 27801
LEAD	5 Tons (5000 kilograms)	1 kilogram	5000	90	90.1	0.10	229.85	5 paise per kilogram	89.95 or 90.05
LEADMINI	1 Ton (1000 kilograms)	1 kilogram	1000	90	90.1	0.10	45.97	5 paise per kilogram	89.95 or 90.05
ZINC	5 Tons (5000 kilograms)	1 kilogram	5000	90	90.1	0.10	229.85	5 paise per kilogram	89.95 or 90.05
ZINCMINI	1 Ton (1000 kilograms)	1 kilogram	1000	90	90.1	0.10	45.97	5 paise per kilogram	89.95 or 90.05
ALUMINIUM	5 Tons (5000 kilograms)	1 kilogram	5000	90	90.1	0.10	229.85	5 paise per kilogram	89.95 or 90.05
COPPER	1 Ton (1000 kilograms)	1 kilogram	1000	300	300.2	0.20	19.94	10 paise per kilogram	299.90 or 300.10
NICKEL	250 kilograms	1 kilogram	250	900	900.55	0.55	2.4587	10 paise per kilogram	899.90 or 900.10
CRUDEOIL	100 barrels	1 barrel	100	3500	3503	3.00	89.91	Re.1	3499 or 3501
NATURALGAS	1250 mmBtu	per mmBtu	1250	200	200.2	0.20	99.925	10 paise	199.90 or 200.10