NSE directions for introduction of Futures contracts on Gold (1 Gram) in Commodity Derivatives Segment

The National Stock Exchange through circular dated May 11, 2021 has issued directions for introduction of Futures contracts on Gold (1 Gram) in Commodity Derivatives Segment. The members trading in Futures contracts on Gold (1 Gram) in Commodity Derivatives Segment shall comply with following directions:

1. Contracts shall be settled by physical delivery
2. Quality specifications for delivery shall be as stipulated by Exchange through circulars issued from time to time.
3. The primary delivery center shall be Ahmedabad and there shall be no additional delivery centers.
4. Quality certificate/certificate card which mentions the serial number must accompany the gold 1-gram coin.
5. Buyer shall have to pay Rs.75/- (over and above the settlement price) per 1 Gram Gold Coin as a making charges, which shall be paid to the seller.