The main delivery centre is for Gold, Gold Mini and Gold Guinea is Ahmedabad. The Gold petal contract is deliverable at Mumbai. The Additional delivery centres for Gold, Gold Mini are Mumbai and Delhi. ( Circular No MCX/198/2005). The Gold which is accepted for delivery is serially numbered. Duty paid gold bars supplied by LBMA approved suppliers are approved by MCX to be submitted along with suppliers certificate.
The expiry date of the contract is the 5th. The seller needs to deposit the metal at the exchange approved vault by the 5th of the expiry month. Pay in and pay out of the metal would happen on the 6th of the expiry month.
Both the seller and the buyer can express intent. The seller has the choice to give an intention on any day between 1st and 4th. The buyer will have to pick up metal in case the same is allocated to him even if there was no intention given by buyer.
Happens randomly
The after expiry