India's Gold Derivatives Market Surges to ₹2.2 Lakh Crore Daily Turnover
India's gold derivatives market has seen significant growth, crossing ₹2.2 lakh crore in average daily turnover for FY2025-26.
The market's expansion is driven by the increasing use of derivatives for price discovery and hedging, with exchange-traded contracts providing a transparent price reference that helps participants make decisions on inventory, procurement, production, and marketing.
MCX gold prices are increasingly used as an India price reference across the physical gold market, helping jewellers, refiners, importers, and bullion traders manage exposure to gold-price volatility.
The market has also evolved through multiple contract sizes, with MCX offering Gold contracts of 1 kg, 100 grams, 10 grams, 8 grams, and 1 gram, allowing participants with different hedging and investment requirements to access the derivatives market.