NSE Launches Gold 10 Gram Futures from March 16: Small Investors Get Direct Access to Gold Trading
Investing in gold is set to become more accessible as the National Stock Exchange (NSE) introduces a new Gold 10 Gram Futures (GOLD10G) contract starting March 16, marking a major shift in India’s commodity derivatives market. Earlier dominated by large traders, gold futures will now allow retail investors to participate with lower capital and benefit directly from price movements.
The new contract will be available in a monthly series and will expire on the last calendar day of each month, or the preceding working day if it falls on a holiday. Trading will be open from 9:00 AM to 11:30 PM, Monday to Friday, with possible extension up to 11:55 PM during US daylight saving time. Under a single order, investors can trade up to 10 kg of gold, making it suitable for both retail and professional participants.
Mandatory Delivery and Ahmedabad-Based Pricing
The contract includes compulsory delivery of 10 grams of 999 purity gold along with a quality certificate. Delivery will be executed at the Ahmedabad center through NSE or LBMA-accredited suppliers. Pricing will be linked to the Ahmedabad gold benchmark, inclusive of customs duty, while GST will be applicable separately at the time of settlement.
Risk Management and Position Limits
To control volatility, NSE has introduced a daily price limit of 6 percent, which may be extended to 9 percent after a 15-minute cooling-off period during sharp market movements. The maximum position limit for individual investors is capped at 5 metric tons. Final settlement will be based on the Ahmedabad spot gold price, ensuring transparency and alignment with domestic market trends.
This move is expected to deepen liquidity in the commodity derivatives segment while providing retail investors with a structured and regulated way to trade gold futures in India.
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