MCX to Launch Gold Ten Futures Contract on 1 April 2025

Recently, the Multi Commodity Exchange announced the launch of a Gold 10 Gram Future Contract, which will be available to trade on Tuesday, April 1, 2025. The Contract Expiry months will be April, May, and June 2025. This initiative can benefit traders and investors as a way to hedge against gold price fluctuations.

Each contract has a trading unit of 10 grams, with prices quoted on an ex-Ahmedabad basis. This contract can be traded with a maximum order size of 10 Kg with a tick size of Re.. 1 per 10 Grams. To mitigate price fluctuations, the initial daily price limit is capped at 3%. This means the price is restricted to 3%. This limit can be further extended to 6% and 9%. 

In the instance of price movement of more than 9% in the International Market, the daily price movement limit of this Gold Ten Future Contract will be further relaxed in multiples of 3%.

The Open position limits are capped at 5 metric tonnes or 5% of the total market-wide position for individual traders, whichever is higher. On the other hand, member firms have a limit of 50 metric tonnes or 20% of the market-wide position, whichever is higher. 

At contract expiration, the Due Date Rate (DDR) for settlement will be derived from the Ahmedabad spot price of 10-gram gold (995 purity), with a corresponding adjustment to reflect 999 purity specifications. In the event of spot price unavailability, MCX Clearing Corporation will employ predetermined guidelines for final settlement price determination.

The Settlement will occur through compulsory delivery at MCX’s Ahmedabad clearing house, with additional locations in Mumbai and New Delhi. The Gold 10 grams should be LBMA approved suppliers or MCX-certified suppliers. Further, the Funds pay-in of the delivery allocated to the buyer will be on T+2 working days excluding Saturday, Sunday & Public holidays as per exchange filing.

Retail investors can benefit from a lower entry barrier, while enabling them to hedge gold investments according to their risk appetite. Institutional investors can leverage increased liquidity through better participation.

Key Details of the MCX Gold 10 Futures Contract

• Symbol: GOLDTEN

• Contract Period: 1st day of every month to the Last Calendar day of every month

• Trading Sessions: Monday to Friday

• Maximum Order Size: 10 Kg

• Tick Size: Re.. 1 per 10 Grams

• Daily Price Limit: 3% slab at the start, followed by 6% without a cooling-off period. Further, if 6% is breached, there is a 15-minute cool-off period, and then it is relaxed to 9%. The price limit relaxes in 3% steps.

• Initial Margin: 6% or SPAN, whichever is higher

• Delivery Period Margin: 3% + 5 days 99% VaR (Value at Risk) of spot price volatility or 25%

• Trading Hours: 9:00 a.m. to 11:30 or 11:55 p.m. (adjusted for daylight saving time). 

How to Trade in Gold 10 Gram Futures Contract

Here are six simple steps to start trading the MCX Gold Ten Futures Contract:

Step 1: Download the Rupeezy App from the Google Play Store or the Apple App Store. You can also click on this link to open your account to trade in Gold Futures. 

Step 2: Register your account with the help of your mobile number.

Step 3: Now, fill in the necessary details like date of birth, bank statement, Aadhar, and PAN Card. 

Step 4: A redirected page to complete your KYC process will appear. Further, to unlock the F&O & Commodity segment, you are supposed to submit proof of income. 

Step 5: After a successful KYC process, you will be sent a client code, after which you are supposed to set a strong password for the same. 

Step 6: Now you can login to your Rupeezy App and can trade commodities like Gold and Silver, which can be easily found in the Watchlist Section.