Our product portfolio consists of metals [gold, silver, crude oil] which are internationally traded contracts, agri [rice–IRRI 6, sugar, wheat, cotton, palm olien] and financial [KIBOR] futures contracts. Each futures contract has a different unit of quantity. The lot size defines the total quantity per futures contract. If an individual wants to purchase 100oz. of gold, he/she has two options at the exchange. Either opt for 10 contracts of 10 oz. each, or buy one contract of 100oz. If one wants to buy 400 barrels of crude oil, then there is only one contract that has a lot size of 100 barrels. Thus, one would have to purchase four of these contracts.
The first step is to open an account with a Asian Gold Commodities Private Limited registered broker (Our name can be found on the Pakistan Mercantile Exchange corporate website). Secondly, it is essential that the investor should be conscious of the fact that he is investing in a leveraged product and must not utilize all the leverage available or at least have extra funds at hand to deal with unforeseen volatility. The general precept for all investors is to invest only as much as they can afford to risk. The final step for opening an account is the payment of margin (which is a certain percentage of the contract value) after which the investor has the choice to trade directly on the market or place his orders with the broker who acts as his agent. However, in both the cases, the broker is the obligor to the exchange. It is advisable to demand access to an online account for the statements from the broker, and reconcile positions regularly.
Within 48 hrs of receipt of credit in AHC account, UIN is forwarded via email to account holder.