Hi All ,
recently started options selling in gold ,
I am finding very difficult to point out gold index , its not showing in kite .
At max I can see gold futures but that’s also very confusing .
can some one tell me like nifty50 / Sensex is there any index for gold .
Gold MCX is there but it is not at all showing the accurate figure as gold trading at 1.2L it is showing 34k I don’t know what I am missing .
Search for GOLD DEC FUT on MCX
yah that’s what iam following , but I took nov positions 11000 ce sell and 115000 ce sell .
Ironically nov fut its not showing in kite .
But ideally we there should be some index like nifty50 , any idea why its not there?
There is no Nov FUT contract for Gold. You don’t have FUT contract for every month for commodities. You need to take trades based on the next FUT contract which is in Dec for Gold
Hey @Jack_R thanks for Quick clarification ,
It was so irritating and even now I am so angry that I realised there is no Index for Gold !
I mean is int it shameful for NSE , BSE , MCX can’t come with a basic thing like gold Index !
I felt so bad !
You can refer to this for the next FUT contracts. After Dec, it is Feb 2026
There is a excess return index: https://www.mcxindia.com/docs/default-source/market-data/mcx-icomdex/factsheet/mcx-icomdex-single-commodity-indices-fact-sheet5cc9fd4657fb64e3bdfdff00007acb35.pdf
It’s code is MCXGOLDEX. Do note that this is not the price at which F&O settles. In any case, you can’t trade on or near to expiry as there is compulsory physical settlement and zerodha blocks trading near expiry.
Hi @Jack_R ,
I just started trading in GOLDM , I short sell NOV 110000CE @ 100 , Quantity 1 I thought ill get 100 rupees but its showing 1000 rupees .
How is it calculated ? in Nifty it is simple quantity * pricing but in gold contracts I think its multiples of 10 . or AM I missing anything ?
Gold prices are quoted for 10grams. Goldm is equal to 100grms. That’s why it gets multiplied with 10.
isn’t this idiotic ?
I mean who designed this , ideally it should trade like 10 quantity multiples .
sometimes I feel like entire eco system was designed just to make fun of new entrants and casual traders just to keep them outside forever .
No. It isn’t. Even before we have gold derivatives, gold was always quoted for 10grams.
Now if you start quoting it for 1gram then there will be confusion.
Then your 1,10,000ce would have to be 11,000ce.
What can be changed is the place we have to enter qty. Instead of lot, it can change to qty. so instead of 1 lot, the qty should be mentioned as 100. But that too may add confusion, since premium is again quoted for 10 grams.
Refer to this Brokerage calculator
If you select Commodities > GoldM, you can see it is 10 Rs for every 1 Rs change
