National Stock Exchange of India to Launch Gold 10g Futures from March 16

The National Stock Exchange (NSE) will introduce Gold 10 grams futures contracts in its commodity derivatives segment starting March 16, 2026, after receiving approval from the Securities and Exchange Board of India (SEBI), according to an exchange circular.

The contract will be available in monthly series, providing market participants with an additional avenue to trade gold futures in smaller denominations.

Contract Specifications

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 set at ₹1 per 10 grams, while the maximum permissible order size will be 10 kilograms.

The contract will trade under the symbol GOLD10G and adhere to the exchange’s standard specifications for monthly expiries.

Trading Timings and Expiry

Trading will take place from Monday to Friday between 9:00 am and 11:30 pm or 11:55 pm, depending on US daylight saving time adjustments.

The contract will expire on the last calendar day of each expiry month. If that day falls on a trading holiday, expiry will shift to the preceding working day. A fresh monthly contract will begin on the business day immediately after the previous contract expires.

Price Limits and Margin Framework

The base daily price band has been fixed at 6%. If this threshold is breached, trading will pause for a 15-minute cooling-off period. Post this halt, the limit may be expanded to 9%. In case of significant volatility in global markets, the exchange may further relax price bands in accordance with regulatory guidelines.

Initial margin requirements will be calculated based on volatility or SPAN, whichever is higher, along with an additional 1% extreme loss margin. The exchange may also impose special or additional margins during periods of heightened volatility.

Also Read: NSE to Introduce 10 Gram Gold Futures from March 16 After SEBI Approval

Delivery and Settlement Mechanism

The contract will follow compulsory delivery upon expiry, with settlement routed through designated clearing facilities in Ahmedabad.

Deliverable gold must be of 999 purity, serially numbered, and sourced from suppliers approved either by the LBMA or the NSE. The final settlement price will be derived from the Ahmedabad spot price of 995 purity gold, converted to 999 purity, based on polling conducted on the expiry day.

All open positions at expiry will be marked for delivery, with pay-in scheduled on an E+1 basis, excluding weekends and trading holidays.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.