MCX Gold Guinea Futures

MCX Gold Guinea Futures, traded under the ticker GOLDGUINEA, is a uniquely Indian gold futures contract with a size of 8 grams — a denomination holding deep cultural significance in South India. The guinea weight is a traditional unit used in South Indian gold jewellery markets particularly in Tamil Nadu, Kerala, Karnataka, and Andhra Pradesh where gold coins and ornaments are traditionally measured and gifted in guinea denominations during weddings and festivals. Launched in 2008, GOLDGUINEA bridges traditional South Indian gold trading practices with the modern regulated commodity futures market.