Investment: Investing in gold is now easier, this special facility of NSE is starting from March 16..

The National Stock Exchange (NSE) commodity market is about to change the landscape. Until now, gold futures were considered a domain exclusively for large traders. However, with SEBI's approval, the market is now fully open to the public. Starting March 16th, a new beginning is being made in the commodity derivatives segment. NSE is launching its "Gold 10 Gram Futures" contract. This will allow even small investors to directly benefit from fluctuations in gold prices and enable them to trade easily with minimal capital.

This contract will be available in a monthly series.
This new NSE contract will be available in a monthly series. Its trading symbol is "GOLD10G." This contract will expire on the last calendar day of each month. If that day is a public holiday, the preceding working day will be considered the expiration date. Investors will be able to trade from 9:00 AM to 11:30 PM, Monday through Friday. Trading hours may be extended until 11:55 pm during US daylight saving time. A maximum of 10 kg of gold can be traded in this contract under a single order.

Understand the delivery rules.

Delivery will be mandatory under this contract. Customers will receive 10 grams of 999 purity gold, along with a quality certificate. This delivery will be made at the Ahmedabad center through an NSE or LBMA-accredited supplier. The contract price will be based on the Ahmedabad price, which includes customs duty, but GST will be payable separately.

This is NSE's plan for risk management.
To mitigate market risk, NSE has set a daily price limit of 6 percent. In case of significant price fluctuations, this limit can be increased to 9 percent after a 15-minute cooling-off period. The maximum position limit for any individual investor is 5 metric tons. Final settlement will be based on the Ahmedabad spot gold price.

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