India’s leading commodity derivatives exchange, Multi Commodity Exchange of India Ltd. (MCX), has announced the launch of Gold Ten (10 gram) futures contracts, effective from Tuesday, April 1, 2025. These contracts will be available for trading with expiry months of April 2025, May 2025, and June 2025.
The trading unit of this contract will be 10 grams, and the quotation/base value has been kept at 10 grams. The price quote in this contract shall be ex-Ahmedabad (inclusive of all taxes and import duties, customs related levies, but excluding GST, any other additional tax, cess, octroi or surcharge, if applicable).
The maximum quantity for the order is 10 kg, and the tick size (minimum price increment) is Rs. 1 per 10 grams. The initial margin is kept at a minimum of 6 percent and based on the calculation of the span, whichever is higher, and the extreme loss margin is kept at a minimum of 1 percent.
The unit of delivery in this contract is kept in 10 grams and its multiples. The contracts will be settled through compulsory delivery at MCX’s designated clearinghouse facilities in Ahmedabad, with additional delivery centers in New Delhi and Mumbai. The gold must meet 999 purity standards and must be sourced from LBMA-approved suppliers or MCX-approved domestic refiners. The delivery period margins shall be higher of 3% + 5 day 99% VaR of spot price volatility or 25%. The staggered delivery period for the contract will begin five trading days before expiry, allowing sellers and buyers to indicate their delivery preferences. If no prior indication is given, positions will be marked for compulsory delivery upon contract expiry.
On the expiry, the Due Date Rate (DDR) will be determined based on the Ahmedabad spot price for Gold (10 grams, 995 purity), adjusted for 999 purity. If the spot price is unavailable due to unforeseen circumstances, MCX Clearing Corporation will follow prescribed guidelines to determine the final settlement price.
MCX has recorded turnover of Rs.76771.04 crores in various futures & option contracts for commodities listed at MCX on 19 March 2025 till 5:00 pm. In which commodity futures accounted for Rs. 13580.13 crores and options on commodity futures for Rs. 63189.24 crores (notional). Bullion Index MCXBULLDEX Mar-25 futures was reached at 21172.
Commodity Future Contracts:
Bullion: In precious metals, Turnover of Gold and Silver variants clocked Rs. 9775.26 crores. GOLD Apr-25 contract was down by 0.02% to Rs. 88706 per 10 gram, GOLDGUINEA Mar-25 contract was up by 0.03% to Rs. 72203 per 8 gram and GOLDPETAL Mar-25 contract was up by 0.19% to Rs. 9052 per gram. On other hand, GOLDM Apr-25 without any changes 88660 per 10 gram.
SILVER May-25 contract was down by 0.38% to Rs. 100880 per kg, while SILVERM Apr-25 contract was down by 0.41% to Rs. 100752 per kg and SILVERMIC Apr-25 contract was down by 0.44% to Rs. 100733 per kg.
Gold futures clocked turnover of Rs. 5179.75 crores with volume of 5822 lots and OI of 21045 lots while Silver futures clocked turnover of Rs. 1609.19 crores with volume of 5312 lots and OI of 24157 lots.
Base Metal: Turnover of base metal products accounted for Rs. 1235.53 crores. COPPER Mar-25 contract was up by 0.21% to Rs. 908.55 per kg and ZINC Mar-25 contract was down by 0.23% to Rs. 277 per kg while ALUMINIUM Mar-25 contract was up by 0.11% to Rs. 263.55 per kg and LEAD Mar-25 contract was down by 0.08% to Rs. 183.4 per kg.
Copper futures clocked turnover of Rs. 781.37 crores, Aluminium futures Rs. 99.00 crores, Lead futures Rs. 18.29 crores, and Zinc futures clocked turnover of Rs. 231.03 crores.
Energy: Turnover of energy products contributed for Rs. 2561.03 crores. CRUDEOIL Mar-25 contract was down by 0.33% to Rs. 5777 per BBL while NATURALGAS Mar-25 contract was up by 1.38% to Rs. 360.3 per MMBTU.
Crude Oil futures clocked turnover of Rs. 428.95 crores and Natural Gas futures Rs. 1762.30 crores.
AGRI: MENTHAOIL Mar-25 contract was down by 0.03% to Rs. 932 per kg and COTTONCNDY Mar-25 contract was up by 0.23% to Rs. 53020 per candy.
Options on Commodity Future Contracts:
Commodity Options accounted for Rs. 63189.24 crores turnover (notional), having premium turnover of Rs. 979.4 crores.
Crude Oil Options: Most traded contracts among Crude Oil Options were Call Option Apr-25 contract at Strike price of Rs.5800 was down by 7.08% to Rs. 191.60 with volume of 37645 lots & OI of 11418 lots, while Crude Oil Put Option Apr-25 contract at Strike price of Rs.5800 was up by 5.45% to Rs. 213 with volume of 26012 lots & OI of 7445 lots.
Natural Gas Options: Most traded contracts among Natural Gas Options were Call Option Mar-25 contract at Strike price of Rs.360 was up by 21.43% to Rs. 10.20 with volume of 44289 lots & OI of 10700 lots, while Natural Gas Put Option Mar-25 contract at Strike price of Rs.350 was down by 11.46% to Rs. 6.95 with volume of 31589 lots & OI of 11499 lots.
Gold Options: Most traded contracts among Gold Options were Call Option Mar-25 contract at Strike price of Rs.89000 was down by 6.98% to Rs. 546.00 with volume of 3416 lots & OI of 759 lots, while Gold Put Option Mar-25 contract at Strike price of Rs.88000 was down by 3.96% to Rs. 400.5 with volume of 4650 lots & OI of 1617 lots.
Silver Options: Most traded contracts among Silver Options were Call Option Apr-25 contract at Strike price of Rs.101000 was down by 11.69% to Rs. 2889.50 with volume of 617 lots & OI of 233 lots, while Silver Put Option Apr-25 contract at Strike price of Rs.100000 was up by 6.24% to Rs. 2666 with volume of 663 lots & OI of 575 lots.
