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GOLDGUINEA

GOLDGUINEA

1,14,288.00

1,237.00 (1.09%)profit
as on 26 Jun 2026 at 23:26

MCX

Futures15-Mins Built Up
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GOLDGUINEA Futures Snapshot

Monthly ContractsDays for ExpiryLTPChangeChange %VolumeOpen InterestOI Change %
GOLDGUINEA JUN FUT3

1,14,288.00

1,237.001.092,7252,315-23.87
GOLDGUINEA JUL FUT34

1,16,170.00

1,274.001.1111,43016,9737.75
GOLDGUINEA AUG FUT65

1,17,700.00

1,032.000.882,5645,7981.15

About GOLDGUINEA Futures

Gold holds value across every economic cycle. Indians buy it for weddings, festivals, and long-term savings. That cultural weight makes gold one of the most traded commodities on MCX.

GOLDGUINEA is the smallest gold contract. One lot is just 8 grams. That makes it accessible. You do not need lakhs to take a position. A retail trader with modest capital can participate.

The price tracks Ahmedabad spot rates. Contracts are rupee-denominated and settled daily. For traders, GOLDGUINEA futures offer direct exposure to gold price moves. You get the same price action as the big contracts. The margin is lower. The risk is proportional. That is the point.

Factors influencing GOLDGUINEA futures prices

Gold prices move on a mix of global cues and local demand patterns. Several forces interact to set the GOLDGUINEA futures price on any given day.
Spot rates of gold throughout the world: Prices for gold are quoted in international markets in dollars per ounce of gold. It is based on the London Bullion Market Association (LBMA) benchmark. If the global spot rises, then GOLDGUINEA futures will rise as well. Domestic futures move downwards when spot falls.
USD/INR exchange rate: Futures of GOLDGUINEA are quoted in rupees. Trades in gold are made in dollars. As long as global gold is not moving, GOLDGUINEA futures will go up as the rupee deprecates. The increase in the value of the rupee can limit internal gains.
Domestic demand cycles: Akshaya Tritiya, Dhanteras, and the wedding season are the peak periods of gold demand in India. Jewellers buy in advance of these events. There is an increase in the value of physical premiums in Ahmedabad, Delhi, and Mumbai. This raises futures prices higher than their global counterparts.
Central bank reserves: Gold is added to the RBI's reserves periodically. The large orders of sale put pressure on the domestic supply. Sentiment is also shaped by global central banks. China and Turkey's buying influence prices across all markets.
Interest rates and inflation: There is no interest due on gold. As the rates increase, the value of holding gold increases in comparison to bonds or deposits. As inflation rises, investors move to gold as their store of value. This equilibrium is realised in the futures market on a day-to-day basis.
Government import policy: India imports the bulk of its gold. Landings costs change overnight with an import duty change. Global prices are lower than domestic prices due to higher duties. Reduce responsibilities and duties to close the gap. Futures adjust before the physical markets.

How are GOLDGUINEA futures prices determined?

The GOLDGUINEA futures price is not arbitrary. It links to the Ahmedabad spot market through a defined structure.

The formula, simplified:

GOLDGUINEA Price (INR per 8g) ≈ (Ahmedabad Spot Price for 10g 995 purity × 999/995 × 8/10) + Premium/Discount

The Due Date Rate (DDR) on expiry is based on the Ahmedabad spot price polled by around 5.00 pm on the last day of expiry. This spot price is converted to 999 purity and then scaled to 8 grams.

Between spot and futures, the gap reflects financing cost, storage, and market sentiment. When futures trade above spot, the market is in contango. When below, it is in backwardation. This spread tells you about immediate supply tightness or comfort.

Key metrics to consider while trading GOLDGUINEA futures

These numbers define how the contract behaves. Know them before you place a trade.

  • Lot size: 8 grams. One contract of GOLDGUINEA represents 8 grams of gold. This is smaller than the standard GOLD contract of 1 kg.

  • Tick size: Re. 1 per 8 grams. Each tick move changes the contract value by exactly Re. 1.

  • Contract start day: 1st day of the contract launch month. If the 1st day is a holiday, the following working day.

  • Contract expiry: The contract expires on the last calendar day of the month. If that day is a holiday, expiry moves to the previous working day.

  • Initial margin: Minimum 6% or based on SPAN, whichever is higher. This is the margin required to open a position.

  • Extreme loss margin: Minimum 1%, collected on top of the initial margin.

  • Additional and special margin: In case of additional volatility, the exchange may impose additional margin on both buy and sell sides, or special margin on either side.

  • Daily Price Limit (DPL): 3% circuit breaker. If breached, relaxation goes up to 6% without any cooling off. If 6% is also breached, a 15-minute cooling off applies before expanding to 9%. If international markets move beyond 9%, further relaxation happens in steps of 3%.

  • Maximum order size: 10 kg. You cannot place a single order beyond this quantity.

  • Open Interest (OI): Total outstanding contracts. Rising OI with rising prices shows fresh buying. Rising OI with falling prices shows fresh shorting.

  • Delivery: Compulsory on expiry. All open positions at expiry are marked for delivery. Staggered delivery runs on the last 3 trading days, including the expiry day.

  • Making charges: Rs. 200/- per Gold Guinea payable by the buyer to the seller, over and above the DDR.

  • Maximum open position: Individual clients face a cap of 5 MT or 5% of market-wide open position, whichever is higher, for all gold contracts combined. Members face 50 MT or 20%, whichever is higher, for all gold contracts combined.

  • Quality specifications: 999 purity, serially numbered, supplied by LBMA approved suppliers or other suppliers approved by MCX, with the supplier's quality certificate.

How to read GOLDGUINEA futures data?

On the GOLDGUINEA futures page at Dhan, several data points appear. Each one adds a layer to your read.

GOLDGUINEA futures live price shows the current traded level of the most active contract. This is where buyers and sellers are matching right now.

GOLDGUINEA futures today data includes open, high, low, and last traded price. The difference between high and low shows intraday volatility.

GOLDGUINEA futures chart plots historical price action across timeframes. You can view 1-minute, 5-minute, 15-minute, daily, weekly, or monthly charts. Traders use these to spot support, resistance, and trend direction.

Volume is the number of contracts traded in the session. A price move on high volume carries more weight than one on thin volume.

Open interest tells you how much capital sits in open positions. If price rises and OI rises, the trend has backing. If price rises and OI falls, the move may be short-covering.

Bid-ask spread is the gap between the best buy and sell prices. A narrow spread means the contract is liquid. A wide spread signals lower activity.

Benefits of trading GOLDGUINEA futures

This contract offers specific advantages over physical gold or larger futures contracts.
Small contract size: GOLDGUINEA suits traders who wish to get on board gold without the amount of capital that would be required to enter into a 1 Kg standard contract.
Direct price participation: You don't purchase gold in Ahmedabad in the form of jewellery or coins in order to track spot gold. No storage risk. No purity doubt.
Leverage: You have an 8-gram gold position, which is on margin. This is to free up capital for other trades. Remember, leverage raises both profit and loss potential.
Hedging: Investors such as jewellers, bullion dealers, and gold loan companies can secure the selling or buying price of gold. If a jeweller is expecting to purchase gold next month, then it makes sense for them to go on a long position and buy the gold now and set the rate in place.
Transparency: MCX is SEBI-regulated. Prices are public. Settlement rules do not change. It is the clearing corporation's risk, not your trading partner's risk.
Liquidity: GOLDGUINEA is an active contract on MCX. Smooth entry and exit during the market hours.

Most commonly used strategies in GOLDGUINEA futures

Each trader's motivation is different when it comes to this contract. These are the most frequently used procedures.
Directional trading: Purchase when you think that gold is going to go up. Short if a fall is forecast. This is the easiest way to do it. Take advantage of stop losses to limit losses.
Calendar spreads: Buy and sell expiry months. The main idea is that you make money from the spread from month to month, NOT from the absolute price change. This comes with a lower margin and lower volatility than if it were an actual position.
Hedging by jewellers: A jeweller who has a big order book may purchase GOLDGUINEA futures contracts to hedge against the price of raw materials. When the gold price goes up in the physical markets, the futures market gets the benefit of the increased price.
Basis trading: Swap MCX futures and Ahmedabad spot. If the basis is expanding substantially from normal, it could turn back. This needs an understanding of local supply and currency effects.
Range trading: Buy at the bottom and sell at the top when gold is trading in a range. This is applicable in sideways markets. It is a failure when gold breaks out strongly.

How to trade GOLDGUINEA futures on Dhan?

  • Open your account: Create a commodity trading account on Dhan and complete full KYC with a registered broker. Ensure the MCX commodity futures segment is activated separately from your equity account.

  • Add funds: Add money to your trading account and ensure sufficient margin is available for your GOLDGUINEA futures positions. Dhan displays margin requirements clearly before order placement.

  • Pick your contract: Choose the GOLDGUINEA futures contract based on your preferred expiry. Near-month contracts carry the highest liquidity. Each lot represents 8 grams.

  • Read the market data: Analyse the GOLDGUINEA futures live price alongside open interest, volume, and price trends before entering a position. Review live contract details directly on the instrument page under MCX commodities.

  • Place your trade: Execute your order using the appropriate order type. Market orders fill at the current price. Limit orders execute only at your specified price. The maximum order size is 10 kg.

  • Track your position: Monitor GOLDGUINEA price movements, OI shifts, and MTM adjustments actively through the session. The contract is sensitive to global gold moves and USD/INR fluctuations.

  • Adjust when needed: Modify or exit positions based on market developments, price behaviour around key levels, and your original strategy parameters. Set stop loss levels that align with your risk capacity.

  • Know the contract type: GOLDGUINEA commodity futures follow a daily MTM settlement model. Your account is credited or debited for profits and losses at the close of every trading session. Delivery is compulsory on expiry unless you square off before.

Tips for trading GOLDGUINEA futures effectively

These practices help you manage risk and read the market more clearly.

  • Track USD/INR alongside global gold: A falling rupee can push GOLDGUINEA futures up even if international gold is flat. Currency moves are half the equation.

  • Watch import duty announcements: The government adjusts the gold import duty based on trade deficit and currency stability. Even a small change shifts domestic prices sharply.

  • Monitor Ahmedabad spot premiums: Physical premiums over global rates signal local demand strength. High premiums ahead of festivals often pull futures higher.

  • Understand staggered delivery: The last 3 trading days involve compulsory delivery marking. On tender days, the delivery order rate is the closing price (weighted average of the last half an hour). On expiry, it is the DDR. If you do not want a physical settlement, exit before this window.

  • Respect daily price limits: The 3%-6%-9% circuit breaker structure can lock you into a position temporarily. Size your trades to survive limit hits without margin stress.

  • Use the GOLDGUINEA futures chart across multiple timeframes: A trend on the daily chart may differ from the 15-minute view. Align both before committing capital.

  • Avoid overleveraging: The small 8-gram lot size tempts larger position counts. Keep total risk per trade within a fixed percentage of your capital.

FAQs

1 lot of GOLDGUINEA Futures on MCX is 1.
The trading time of GOLDGUINEA futures is:

April to October - 9:00 AM to 11:30 PM
November to March - 9:00 AM to 11:55 PM
The upcoming futures expiry of GOLDGUINEA on 30 Jun 2026.
At the end of the day, all the positions are auto squared off. Meaning, the derivatives are settled in cash. At present, the physical delivery of Commodity position is not allowed.
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