Home CommodityGOLDPETAL

GOLDPETAL

15,478.00

37.00 (0.24%)

as on 10 Sep 2026 at 01:25 PM

MCX

Upcoming Expiry30 Sep

Days For Expiry21

GOLDPETAL

15,478.00

37.00 (0.24%) profit

as on 10 Sep 2026 at 01:25 PM

MCX

Futures 15-Mins Built Up

Live Chart

GOLDPETAL Futures Snapshot

Monthly Contracts	Days for Expiry	LTP	Change	Change %	Volume	Open Interest	OI Change %
GOLDPETAL SEP FUT	21	15,478.00	37.00	0.24	52,778	2,20,298	0.50
GOLDPETAL OCT FUT	51	15,603.00	38.00	0.24	20,119	1,02,514	1.22
GOLDPETAL NOV FUT	82	15,687.00	40.00	0.26	7,633	1,13,978	0.47

About GOLDPETAL Futures

Gold preserves purchasing power across inflation cycles. In India, it is held as a reserve asset by households, banks, and institutions. That sustained demand makes gold one of the most liquid commodities on MCX.

GOLDPETAL is the smallest gold contract on MCX. One lot is just 1 gram of 999 purity gold. You do not need large capital to take a position. Retail traders and small jewellers can participate.

The price tracks Mumbai spot rates. Contracts are rupee-denominated and settled daily. For traders, GOLDPETAL futures offer direct exposure to gold price moves without buying physical coins or jewellery. You get the same price action as the big contracts. The margin is the lowest on the exchange. Your risk stays proportional to your size. That is the point.

Factors influencing GOLDPETAL futures prices

A combination of both worldwide signals and local demand trends influences gold prices. There are multiple factors that affect the GOLDPETAL futures price on a given day.

The LBMA spot rates and USD/INR: The international price of gold is quoted in USD per ounce. The London Bullion Market Association (LBMA) is responsible for setting the benchmark. Futures on GOLDPETAL trade in lockstep with the international spot price. Gold futures trading prices will go up if the gold spot price goes up.

Domestic demand cycles: Indian demand for gold is at its highest on Akshaya Tritiya, Dhanteras, and during the wedding season. Jewellers buy in the lead up to these occasions. The rates of physical premiums go up in Mumbai, Ahmedabad, and New Delhi. This increases the price of futures over world prices.

Reserve and import policy of a central bank: The RBI purchases gold coins from time to time to maintain a stock of gold. Home supply is tight with big purchases. The monetary policy actions of central bankers worldwide also influence sentiment. China and Turkey are still buying in all markets, which is driving prices up. India is importing more gold than producing. Land costs will be impacted by changes to the import duty in real time. Domestic prices are pushed higher than the global prices by higher duties. Reduced duties make a difference. Futures precede policy announcements, precede physical markets.

The price of money or the rate of growth in prices: Gold does not generate any interest. If rates increase, however, then you will end up paying more to own gold than to own bonds or deposits. In times of high inflation, investors switch to purchasing gold as a store of value. This balance is also reflected in the futures prices that are traded daily.

How are GOLDPETAL futures prices determined?

The prices of GOLDPETAL futures are not random. They are logically structured.

The base is the international gold price. Spot and COMEX futures in London are used as benchmarks. These are pretty similar to MCX prices. A local layer is added by the rupee.

Gold prices on the MCX are directly impacted by USD/INR movements because gold is dollar denominated everywhere in the world. When the rupee depreciates, the prices become high. When the rupee appreciates, benefits are capped off.

On top is import duty and GST. Gold imports in India are taxed. These taxes are indirect taxes that are included in the price that is charged in the country. Futures move immediately if their duty structure changes.

Cost of carry includes financing and storage costs. There's a price to holding gold. This is reflected in the futures prices. If futures prices are greater than spot prices, the market is in contango. When below, backwardation.

Local premiums or discounts are up for renewal at the local level. These are the true prices prevailing in Indian markets. In liquid contracts, these are typically temporary. All these are real-time on the GOLDPETAL futures live price. Negotiations between buyers and sellers take place on the screen. This translates to ongoing price discovery.

Key metrics to consider while trading GOLDPETAL futures

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

Lot size: 1 gram. One contract of GOLDPETAL represents 1 gram of gold. This is the smallest gold futures contract on MCX.
Tick size: Re. 1 per 1 gram. 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 final day of the expiry month. Should that day fall on a holiday, the expiry date moves to the immediately preceding business 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.
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, LBMA approved suppliers or other suppliers approved by MCX, with the supplier's quality certificate or certicard mentioning the serial number and accompanying the gold 1 gram coin.
Making charges: Rs. 100/- per 1 Gram Gold Coin payable by the buyer to the seller, over and above the DDR.
9999 purity premium: If a seller delivers 9999 purity, the sale proceeds are calculated as Due Date Rate * 0.9999/0.999.

How to read GOLDPETAL futures data?

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

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

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

GOLDPETAL futures chart: This 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: This is the number of contracts traded in the session. A price move on high volume carries more weight than one on thin volume.

Open OI: This 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: This 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 GOLDPETAL futures

This contract offers specific advantages over physical gold or larger futures contracts.

Smallest contract size: At 1 gram, GOLDPETAL suits traders who want gold exposure with minimal capital. It is smaller than GOLDGUINEA and far smaller than the standard 1-kg contract.

Direct price participation: You track Mumbai spot gold without buying physical coins or jewellery. No storage risk. No purity doubt.

Leverage: You control a 1-gram gold position with a margin deposit. This frees capital for other trades. Remember, leverage raises both profit and loss potential.

Hedging: Small jewellers and retail gold buyers can lock in purchase prices. A buyer expecting to acquire gold next month can go long now to fix the rate.

Transparency: MCX is SEBI-regulated. Prices are public. Settlement rules are fixed. Counterparty risk sits with the clearing corporation, not your trading partner.

Liquidity: GOLDPETAL is an active contract on MCX. Entry and exit are smooth during market hours.

Most commonly used strategies in GOLDPETAL futures

Traders approach this contract with different goals. These are the most common methods.

Directional trading: Purchase if you believe that gold prices will continue to increase. Take warning: short if a fall is expected. This is the most straightforward way. Set stop-losses to limit losses.

Calendar spreads: Take advantage of selling one month and purchasing another. The idea is that you'll benefit from the spread, not the actual price change. This trade has reduced margins and less volatility than direct trades.

Hedging by small jewellers: A small jeweller can purchase GOLDPETAL futures contracts to secure the cost of raw materials. When the physical gold increases, the futures gain offsets the higher purchase price.

Basis trading: Swap the spread between the MCX futures and spot Mumbai. If this basis widens beyond normal, it may return. This requires knowledge of the local supply and currency effects.

Range trading: When gold is trading in a band, the ideal time to buy is near the bottom, and the ideal time to sell is near the top. This is the method used on side markets. It is a failing indicator when gold acts with a sharp breakout.

How to trade GOLDPETAL futures on Dhan?

Open your account: Open a commodity trading account with Dhan and go for the full KYC with a registered broker. Make sure you have a separate account for the commodity futures (MCX) segment of the markets.
Add funds: Fund your trading account with money and make sure you have adequate margin in your futures account. Prior to placing an order, Dhan displays the margin requirement.
Pick your contract: Select the futures contract of GOLDPETAL of the desired expiry. The most liquid of the near-months are the contracts that are closer to their expiration. Each lot is 1 gram of material.
Read the numbers on the market.: Before taking a position, analyse the GOLDPETAL futures live price along with open interest, volume, and price trends. Check up to date contract information on the instrument page under commodities in MCX.
Place your trade: Follow orders with the proper order type. The market order is executed at the prevailing market price. Only the limit order is executed at your limit price. Maximum order size: 10 Kg.
Track your position: Keep an eye on GOLDPETAL price action, OI changes, and MTM changes during the session. The contract is highly volatile in nature as it depends on the gold movements and USD/INR rates around the world.
Adjust when needed: Adjust the positions or close them according to market changes, price action near significant levels, and the initial parameters of the strategy. Determine stop loss levels that are consistent with your risk tolerance.
Understands the contract type.: The commodity futures are settled daily on a GOLDPETAL MTM basis. Your profit or loss is posted at the end of each trading session. On the Expiry, Delivery is required unless you square off in advance.

Tips for trading GOLDPETAL futures effectively

These practices can help you manage risk better and read market movement with more clarity.

Follow the USD/INR movement with global gold prices: A weak rupee can drive up the price of GOLDPETAL futures, even if global gold prices don't move. Money circulation is one of the essential features of pricing.
Be aware of changes to import duty rates: The import duty adjustment on gold can have an immediate impact on prices. Even a slight change can impact futures as India relies heavily on gold imports.
Look for cues of demand in Mumbai spot premiums: The level of premiums in the physical markets can provide an indication of local demand strength. Increased premiums prior to festivals could help GOLDPETAL futures move higher.
Schedule for around the time of delivery: The last 3 trading days are dedicated to compulsory delivery marking. If you do not wish to have settlement exposure, then exit before this phase.
Take into account the limits on prices set each day: The 3%-6%-9% circuit breaker structure can temporarily restrict exits. When prices move quickly, you need to be sure there is room for position sizing.
Read the GOLDPETAL futures chart across timeframes: The daily chart trend can be different to a 15-minute setup. Both can be compared to avoid getting in at the wrong time in relation to the bigger market trend.
Control the leverage and its use: A small lot size (1 gram) can lead to excessive trading. Do not risk more than a certain percentage of your capital in total trades.

FAQs

What is 1 lot size of GOLDPETAL futures?

1 lot of GOLDPETAL Futures on MCX is 1.

What is the trading time for GOLDPETAL futures?

The trading time of GOLDPETAL futures is:

April to October - 9:00 AM to 11:30 PM
November to March - 9:00 AM to 11:55 PM

When is the upcoming GOLDPETAL futures expiry?

The upcoming futures expiry of GOLDPETAL on 30 Sep 2026.

Are GOLDPETAL futures settled in cash or via physical delivery?

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.