Give detailed description of all the Gold contracts available in MCX and Silver contracts available in MCX.

🛠️ Gold Contracts on MCX

MCX offers a diversified suite of gold derivatives—including futures and options—designed to cater to different trader profiles, from institutional hedgers to retail investors.

1. Gold (1 kg) – Main Futures Contract

  • Symbol: GOLD

  • Trading Unit: 1 kilogram (quoted per 10 g) 

  • Tick Size: ₹1 per 10 g 

  • Expiry: 5th of the contract month (or preceding business day) 

  • Margin: Approx. 6–8% of contract value (about ₹2.5–3 lakh) 

2. Gold Mini (100 g)

  • Symbol: GOLDM

  • Unit: 100 g (quoted per 10 g) 

  • Tick Size: ₹1 per 10 g 

  • Margin: Approx. ₹25,000–₹40,000 

  • Advantage: Highly liquid and suitable for midsize traders.

3. Gold Guinea (8 g)

  • Symbol: Likely GOLGUINEA or GOLD GUINEA

  • Unit: 8 g (quoted per 8 g) 

  • Tick Size: ₹1 per 8 g 

  • Margin: Approx. ₹1,800–₹2,500 

  • User Base: Ideal for savings, gifting, small traders.

4. Gold Petal (1 g)

  • Symbol: GOLDPETAL or Gold Petal

  • Unit: 1 g (quoted per 1 g) 

  • Tick Size: ₹1 per 1 g

  • Margin: Just ₹200–₹400 

  • Use: Tailored for small investors entering bullion.

5. Gold Ten (10 g) – Newest Addition

  • Symbol: GOLDTEN

  • Launched: Trading started April 1, 2025, expiring in April, May, June 2025 

  • Unit: 10 g

  • Tick Size: ₹1 per 10 g 

  • Price Limits: ±3% daily, expandable to ±6%, then ±9% in volatile conditions. 

  • Margin: Minimum 6% initial + 1% extreme-loss margin 

  • Delivery: Mandatory physical delivery (999 purity) via Mumbai/Delhi/Ahmedabad centers 

6. Gold Options

  • Available on: 1 kg and Mini (100 g) contracts 

  • Expiry: Typically aligns with futures expiry.

7. Gold Global (200 g)

  • Symbol: GOLD GLOBAL

  • Weight: 200 g

  • Structure: Cash-settled, based on international price reference (RBI rate), excluding domestic duties.

  • Target Users: Exporters, refiners aiming for international exposure.

🛠️ Silver Contracts on MCX

Silver contracts also come in three primary variants suitable for diverse investment sizes.

1. Silver (30 kg) – Main Futures

  • Symbol: SILVER

  • Unit: 30 kilograms 

  • Margin: Around ₹1.8–2.5 lakh 

  • PnL Impact: ₹30 per ₹1 price movement 

2. Silver Mini (5 kg)

  • Symbol: SILVERM or SILVER MINI

  • Unit: 5 kg 

  • Margin: Approx. ₹30,000–₹50,000 

  • PnL Impact: ₹5 per ₹1 price movement 

3. Silver Micro (1 kg)

  • Symbol: SILVERMIC

  • Unit: 1 kg

  • Margin: Approx. ₹6,000–₹10,000

  • PnL Impact: ₹1 per ₹1 price movement 

📊 Comparative Snapshot

CommodityContractUnit SizeTick SizeMargin RangeProfit/Loss per ₹1 Move
Gold1 kg1 kg₹1 per 10 g₹2.5–3 lakh₹100
Mini100 g₹1 per 10 g₹25k–40k₹10
Guinea8 g₹1 per 8 g₹1.8k–2.5k₹1
Petal1 g₹1 per 1 g₹200–400₹1
Ten10 g₹1 per 10 g6%+ margins₹10
Global200 g₹1/quasi internationalLower SPAN marginsIntl price basis
Silver30 kg30 kg₹? (per kg)₹1.8–2.5 lakh₹30
Mini5 kg₹?₹30k–50k₹5
Micro1 kg₹?₹6k–10k₹1

🔍 Key Observations

  • Accessibility: Smaller lots like Gold Ten (10 g), Guinea (8 g), Petal (1 g), and Silver Micro (1 kg) enable convenient entry.

  • Liquidity: Larger contracts (Gold 1 kg, Silver 30 kg, Mini variants) typically offer better volume.

  • Price Sensitivity: Gold is the most actively traded; silver follows. The bullion index (BULLDEX) is less liquid. 

  • Hedging Options: Physical delivery is optional in most cases (except Gold Ten). Gold Global allows cash settlement in USD-Rupee basis.

  • Leverage & Risk: Lower unit sizes reduce margin requirements and help new traders manage exposure; larger contracts amplify gains and losses.

🧭 Choosing the Right Contract

  • Retail/Savers:

    • Gold Petal/Guinea/Ten, Silver Micro

    • Lower capital, smaller margin, focused exposure

  • Swing/Mid-size Traders:

    • Gold Mini, Silver Mini

    • Balanced risk-reward with reasonable liquidity

  • Institutional/Large Traders:

    • Gold 1 kg, Silver 30 kg, Gold Global

    • High liquidity, deeper hedging tools, tailored for corporate hedging

📝 Summary

MCX supports a comprehensive mix of gold and silver contracts—from micros to megas—allowing traders and investors to scale their exposure precisely. In April 2025, the Gold Ten (10 g) contract further democratized access for retail participants. Meanwhile, traditional 1 kg and 30 kg contracts continue to serve as the backbone for institutional and high-volume trading. 

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