Security/Margin Deposit is an initial refundable payment when account is opened i.e. Rs 50,000/- minimum. With this margin money in your account you are allowed to trade around 500 gms of Gold while 15 Kgs for Silver. Please note: the trading limit changes as per the market volatility.
RSBL SPOT is a state-of-the-art trading system, which replaces the traditional mechanism of buying bullions over the phone and in turn brings transparency and better pricing in the entire trading system by eliminating intermediaries.
Trading on this system is done on T+2 or T+3 trading cycle. T+2 mean trading plus two working days, where the entire trade is completed within three days. For e.g. if the client trades on Monday then maximum by Wednesday (Obligation day), he/she has to transfer the funds and take the delivery otherwise he/she needs to square-off that trade. Similarly, T+3 mean trading plus three working days, where the entire trade is completed within four days.
Two-way quotes are BID/ASK rates offered by RSBL. Registered clients can buy bullion at ASK rate from RSBL and also sell bullion at BID rates to RSBL. In other words, clients are free to buy or sell bullion at BID / ASK rates offered by RSBL.
Rates vary for each delivery center. For E.g.:
Gold Mumbai and Ahmedabad - Rates quoted are without V.A.T.
Gold Hyderabad- Rates quoted are with V.A.T.
For detailed information on same please visit / download - contract specification
Yes, you can sell the goods back to us provided that the delivery is not moved from our vault or you can give us the delivery from the vault of reputed agencies. We will not accept hand delivery.
When you sell Gold bars, we accept only those ones which are RSBL minted, RBI mint bars or approved under the Gold list of L.B.M.A: (London Bullion Market Association). You may check the same from their
If the client fails to pick up the delivery on the obligation day, RSBL will be charging a penalty of Rs 1500/- per kg for gold lot per day to the client. But if RSBL fails on its obligation, then we pay Rs 750/- per kg for gold lot per day. While for Silver lots will be at Rs 12/- per kg and Rs 6/- per kg respectively.
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The natural variation in collective supply and demand of our customers. Occasionally there will be more buyers or sellers in one place than another. Sometimes this creates a clear opportunity to deal in the other location - what market professionals call arbitrage.
Physical delivery and storage costs are second cause for different prices. There are expenses involved in taking delivery of bars into vaults, and they vary from market to market and vault to vault. This means physical in-vault ownership may have a slightly higher value at vaults where those higher delivery costs have already been borne.
The third reason may be geopolitical. If it were felt by market participants that the jurisdiction in which a vault was operating presented certain extra risks or benefits then this might affect the price.