I am long 1 Kg in Gold and short 1 Kg in Gold Mini contracts expiring on 5th December and don't plan to square off my positions. Would I be compulsorily required to take delivery in Gold and give delivery in Gold Mini ? Or would MCX net my positions in gold with gold mini and not ask for delivery? If I am obligated to take and give delivery, then I will incur sales tax of 3.5% which is not desirable. Please advise.
Thanks
Thanks