Gold Ten Futures

Gold Ten futures is an MCX contract to buy or sell Gold Ten at a pre-agreed price on a future date. It lets you take leveraged exposure to Gold Ten price movements without owning the physical commodity.

One lot of Gold Ten futures on MCX is 10 GRMS. Contract value = lot size x price; you pay only a margin (a fraction of contract value) to take a position.

The Gold Ten futures price tracks the global/spot price of Gold Ten, adjusted for the USD-INR rate, cost of carry and domestic demand-supply. It updates live during MCX trading hours.

You need SPAN + exposure margin set by MCX and your broker (typically a small percentage of contract value). The live margin is shown on the Gold Ten futures page before you place an order.

MCX Gold Ten futures trade Monday to Friday, 9:00 AM to about 11:30 PM IST (the evening close shifts with US daylight saving). They are closed on MCX holidays.

Gold Ten futures have monthly expiries. The near-month contract is the most liquid; the next few expiries are also listed. Positions can be squared off any time before expiry.

Depending on the contract, Gold Ten settles by compulsory delivery or in cash at expiry per MCX rules. Most traders exit before expiry to avoid delivery obligations.

Open interest is the total number of outstanding Gold Ten futures contracts. Rising OI with rising price signals fresh long build-up; falling OI signals unwinding - use it to gauge trend strength.

Yes. Roll over by closing the near-month Gold Ten contract and opening the same position in the next expiry, usually around expiry day, to keep your exposure.

Log in to INDmoney, activate MCX commodities, add margin, search Gold Ten futures, pick the expiry and place a buy or sell order.