MCX Gold Petal Futures

MCX Gold Petal Futures, traded under the ticker GOLDPETAL, is the smallest denomination gold futures contract in India with a contract size of just 1 gram of 24 karat gold. Launched in 2010, Gold Petal was introduced to bring gold price risk management tools to the widest possible base of Indian retail investors including small savers and first-time commodity market participants. With a single unit representing just 1 gram of gold, MCX Gold Petal requires the lowest margin of all MCX gold contracts making it the most accessible gold trading instrument on Indian commodity exchanges.