GOLDTEN

Lot size: 10 grams. One contract of GOLDTEN represents 10 grams of gold. This sits between the 1-gram GOLDPETAL and the 100-gram GOLDM.

Tick size: Re. 1 per 10 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 ends on the last day of the expiry month. When that day is a holiday, the deadline moves to the last working day before it.

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, serially numbered, LBMA approved suppliers or other suppliers approved by MCX, with the supplier's quality certificate.

Packaging: 10 Gram Gold with tamper-proof only.

Monitor the dollar/rupee exchange rates closely: GOLDTEN futures can move higher even as international gold prices remain stable when the rupee depreciates. The other half of the equation is currency moves.

Track import duty changes: The government raises or lowers the import duty on gold according to the trade deficit and stability of the currency. Even if the price change is small, domestic prices change significantly.

Use the Dhan Trade Plan for position sizing: Trade Plan is a built-in tool on Dhan Charts. Input your capital allocation percentage, risk percentage, and reward percentage. It calculates your exact quantity, stop-loss level, and target price automatically.

Check the spot premiums in Ahmedabad: The physical premiums above the global rates suggest the strength of demand locally. Futures tend to shoot up in advance of festivals when premiums are high.

Understand the time frame for the delivery: Trading Days: compulsory delivery marking of the last 3 days. The delivery order rate is the closing price (weighted average for the last half an hour) on tender days. On expiry, it is the DDR. If you are not interested in a physical settlement, then leave before this window.

Use the right circuit breakers for the size of the circuit: The 3% - 6% - 9% circuit breakers can get you into a position for a while. Fit the size of your trades to avoid getting limit hit without a margin stress.

Use Custom timeframes and india Timeframes: A trend visible on the daily LEAD futures chart may differ from the hourly view. Check the custom timeframes and India timeframes to align both before entering.

Keep position size in check: Moderate exposure with reasonable amounts of investment, due to the 10 gram lot size. The ability to take a large position with a small margin is not a reason to do so. Keep single-trade risk within a defined percentage of your total capital. Use the Trade Plan to enforce this discipline.