NSE to launch Gold 10 grams futures from March 16 after Sebi approval. Check expiry and other details

The National Stock Exchange (NSE) is set to launch Gold 10 grams futures contracts in its commodity derivatives segment beginning March 16, following approval from the Securities and Exchange Board of India (Sebi). This new trading option aims to attract retail investors and smaller market participants. Each contract will represent 10 grams of gold, with trading occurring in monthly series, and expiry on the last calendar day of each month. In cases where this day is a holiday, the previous working day will serve as the expiry date. The trading hours will extend from Monday to Friday, varying between 9:00 AM to 11:30 PM or 11:55 PM depending on US daylight saving time. The futures contracts will be priced based on the Ahmedabad market, inclusive of taxes related to import duties but excluding GST. Strict risk management measures will be in place, including a daily price limit of 6% that can be adjusted under specific conditions. Additional measures include position limits for members and individual clients, and mandatory delivery of gold with specified purity standards. The initiative is expected to boost market participation and provide a more accessible investment avenue for those interested in gold commodities.