Pakistan Stock Exchange
02 Apr 22
Complete Guide of Gold Trading in Pakistan
Online gold trading in Pakistan is permitted by law under the umbrella of the Pakistan Mercantile Exchange. Pakistan Mercantile Exchange (PMEX) in the one and only commodities and currencies futures exchange in Pakistan. Abbasi and Company is the registered broker of PMEX. The company endeavors to offer products that cater to the needs of all market participants such as investors who wish to invest in commodities such as gold, oil and silver etc. for the short and long term, traders who works with the aim to earn profit based on their market strategy and hedgers who trade to mitigate their risk, using commodities future market. Through Abbasi and Company Private Limited, anyone and trade gold and other commodities and currencies online.
A Brief Introduction to Pakistan
Mercantile Exchange Pakistan Mercantile Exchange Limited is Pakistan’s first and demutualized commodities and currencies futures exchange. The exchange is regulated and licensed by Securities & Exchange Commission of Pakistan. Based on sophisticated, multi-dimensional infrastructure in and state of the art technology, PMEX offers a complete suit of services like trading, clearing and settlement, custody as well as back office, all under one roof. PMEX is incorporated since 2002. PMEX has started its operations on May 2007. Through PMEX, you can trade Gold, Silver, Crude Oil, Cotton, Copper, Currencies pairs, Agricultural products and International Indices.
Benefits of Trading at PMEX
PMEX have a wide range of commodities and currencies futures products. The exchange provides best risk management in the country. Through PMEX trading portal anyone can have access to the world global prices. PMEX provides multiple connectivity options. You can trade in futures with minimal margins. PMEX provides clearing and settlements on a T+0 bases using on-link bank transfer facility.
PMEX Product Range
Followings commodities, currencies and indices futures can be trade through PMEX trading portal.
Metals
Gold
- 1 Ounce
- 10 Ounce
- 100 Ounce
- 1 Tola Gold
- 10 Tola Gold
- 50 Tola Gold
- 100 Tola Gold
Silver
- 10 Ounce
- 100 Ounce
- 500 Ounce
- 5000 Ounce
Copper
Platinum
Palladium
Energy Futures
WTI Crude Oil
- 10 Barrel
- 100 Barrel
- 1000 Barrel
Brent Crude Oil
- 10 Barrel
- 100 Barrel
- 1000 Barrel
Natural Gas
Agriculture Futures
Cotton
• Wheat
5000 Bushels
• Corn
5000 Bushels
• Soyabeam
5000 Bushels
Equity Indices
- Nasdaq 100 Index
- Dow Jones Industrial Average Index
- S&P 500 Index
- Nikkei 225
Financials
- Euro-USD
- GBP-USD
- USD-JPY
- AUD-USD
- USD-CAD
- USD-CHF
- EUR-GBP
- EUR-JPY
- GBP-JPY
- CHF-JPY
- EUR-AUD
- EUR-CHF
- GBP-CHF
- AUD-CAD
- EUR-CAD
- AUD-JPY
How to Invest in Gold in Pakistan
To start online gold trading, you must to open an account in PMEX through Abbasi and Company Private Limited. For account opening, visit Abbasi and Company or open an account online. For account opening in PMEX, you need to sign the account opening form and provide the following documents and information;
- CNIC/NICOP
- Source of Income
- Bank Account Details
- Registered Mobile Number
- Email ID.
Gold Trading Mechanism
Gold Futures are available in three different lot sizes;
- 1 Troy Ounce
- 10 Troy Ounce
- 100 Troy Ounce
Example for 1 Troy Ounce Gold Trading
If you want to trade in 1 Ounce of Gold, you must pay the minimum margin as investment defined by PMEX. The margin list for other commodities and currencies is available on the official PMEX website.
Suppose,
- Gold Price: $1992
- Dollar Rate: Rs. 178.51
- Total Price of 1 Ounce Gold in PKR = 1992*178 = Rs. 354,576
Margin Required by PMEX
Margin of 1 Ounce Gold = 3.25% = Rs. 354,576*3.25% = Rs. 11,523
Rs. 11,523 is the minimum investment to buy 1 lot of 1-ounce Gold.
Commission For 1 Ounce of Gold
PMEX Fee: Rs. 46.62 ACPL Commission: Rs. 41.63 Sales Tax:
Rs. 6.66 Total Single Side Expense: Rs. 94.91 Total Double Side Expense: Rs. 189.82
Profitability
Suppose if you buy 1 lot of 1-ounce Gold at a market price $1990, if the price changes from $1990 to $ 1995, your profit will be $5 without commission and vice versa.
Tola Gold Trading in Pakistan
Pakistan Mercantile Exchange also offers online trading in Tola Gold. Physical Tola Gold can also b bought and sold without visiting a Jeweler. You can easily trade physical gold online using your mobile or laptop. Your physical gold bought through the PMEX portal is held in the wallet. The followings are the lot size of tola gold;
- 1 Told Gold
- 10 Tola Gold
- 50 Tola Gold
- 100 Tola Gold
Features of Tola Gold
-
Trade-in Pak Rupees
-
100% Payment Required
-
Delivery Size: 10 Tola
-
Margin: 100% Buyers, 100% Seller
-
1% Annual Insurance Charges
-
Unlimited Holding Periods
-
Exchange Provides Depository and Custody Facility
-
Physical Withdrawal
What Will You Earn from Tola Gold?
Suppose if you buy 1 Told gold at Rs. 130,000 per tola, if price changes from Rs. 130,000 to Rs. 131,000, Your profit will be Rs. 1000 without commission.
How to Trade Gold Online
All commodities and currencies can be traded through Meta Trader 5 a trading software. Meta Trader 5 is an outstanding multi-asset trading platform that provide live trading tools and live charts. The robotic trading system facility is also available. You can easily get access to mobile and desktop versions of Meta Trader 5 from our website. Meta trader 5 provides 21/5 trading hours facility. We provide proper training to our clients on how to use this trading software. Our expert traders are also available to guide you and you can also place your buying and selling orders through them.
Gold Market Research
Abbasi and Company provide twice a day a research report on gold trends. This report covers the technical as well as fundamentals of Gold. We provide trading signals of gold with targets and stop loss (entry and exit points). All news that can affect gold prices is included in the PMEX update report.
Check Gold Rate in Pakistan Today
PSX
PMEX