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The Stock Exchange (NSE) will roll out Gold 10 grams futures contracts in its commodity derivatives segment from March 16, 2026, after obtaining approval from the Securities and Exchange Board of India (SEBI), the exchange said in a circular.
The contract will be introduced in monthly series, offering participants another avenue to trade smaller-denomination gold futures.
Contract details
The Gold 10 grams futures contract will have a trading and delivery unit of 10 grams, with prices quoted on an ex-Ahmedabad basis. The tick size has been fixed at ₹1 per 10 grams, and the maximum order size will be 10 kg, according to an exchange filing.
The contract will trade under the symbol GOLD10G and will follow specifications laid out by the exchange for monthly expiries.
Trading and expiry
Trading will be available from Monday to Friday between 9:00 am and 11:30 pm or 11:55 pm, depending on US daylight saving time.
The contract will expire on the last calendar day of the expiry month. If the last day is a holiday, expiry will be on the preceding working day. A new contract will commence on the business day immediately following the expiry of the previous contract.
Price limits and margins
The base daily price limit has been set at 6%. If breached, trading will halt for a 15-minute cooling-off period, after which the limit may be extended to 9%. In case of sharp movements in international markets, the exchange may further relax the limits in line with regulatory provisions.
Initial margin will be based on volatility or SPAN, whichever is higher, along with a 1% extreme loss margin. Additional or special margins may be imposed during periods of heightened volatility.
Delivery and settlement
The contract will follow compulsory delivery on expiry, with deliveries routed through designated clearing facilities in Ahmedabad.
Gold delivered must be of 999 purity, serially numbered, and sourced from LBMA-approved or NSE-approved suppliers. The final settlement price will be based on the Ahmedabad spot price of 995 purity gold, converted to 999 purity, polled on the expiry day.
All open positions at expiry will be marked for delivery, with pay-in on an E+1 basis, excluding weekends and trading holidays.
