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

The National Stock Exchange will introduce a delivery based gold futures contract of 10 g size from March 16, 2026, following SEBI approval. The move aims to broaden retail access to commodity derivatives. 

NSE Launches 10 Gram Gold Futures from March 16 

The contract will trade in monthly series under the symbol GOLD10G with a description format GOLD10GYYMMM. Each lot represents 10 g of 999 purity gold. Expiry occurs on the last calendar day of the contract month; if that day is a holiday, the preceding working day is used.  

Trading hours are Monday to Friday from 9:00 am to 11:30 pm, extending to 11:55 pm during US daylight saving periods.  

The tick size is ₹1 per 10 g and the maximum order size is 10 kg. Prices are quoted ex‑Ahmedabad and include import duty and customs levies, excluding GST and related surcharges. 

Price Movement Safeguards and Margin Requirements 

The base daily price limit is set at 6%. If breached, a 15‑minute cooling‑off period applies before the limit may be relaxed to 9%. In cases of significant international market moves, limits can be further relaxed in steps of 3% beyond the maximum permitted level with appropriate notice. 

Margins are calculated using the higher of volatility category or SPAN, plus an extreme loss margin of 1%. Additional margins may be imposed during heightened volatility. 

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Position Limits and Delivery Mechanism 

For members collectively, the open position limit is the greater of 50 metric tonnes or 20% of the market‑wide open position across all gold contracts. Individual clients may hold up to 5 metric tonnes or 5% of the market‑wide open position, whichever is higher.  

The contract is compulsory delivery based. Delivery units consist of serially numbered 10 g bars of 999 purity supplied by LBMA‑approved or NSE‑approved vendors, accompanied by a quality certificate. 

Delivery takes place at the clearing house facilities in Ahmedabad on an E+1 basis by 11:00 am, excluding weekends and holidays. The staggered delivery period covers the last three working days, including the expiry day.  

Final settlement price is based on the Ahmedabad spot price for 10 g of 995 purity, converted to 999 purity, polled on the expiry day around 5:00 pm. If the spot price is unavailable, the exchange will determine the settlement price in consultation with SEBI. 

Conclusion 

The introduction of a 10 g gold futures contract on March 16, 2026, provides a smaller lot size, defined price limits and a clear delivery framework centred on Ahmedabad. Position limits and margin rules are designed to manage risk while encouraging broader participation in the commodity derivatives market. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or 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.