Gold Option Chain — Live MCX Gold Options Data

Market data refreshed: 17 Jul, 2026, 11:42 PM IST

Gold immediate OI resistance is at 1,45,000, while support is at 1,35,000. PCR: 0.68.

Call OI is heavier at 1,45,000, making it the stronger immediate resistance wall.

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PCR:
0.6809
CHG OI PCR:
4.8130
Lot Size:
1 kg
Expected Range:
137504.54 ~ 144507.46

About the Gold Option Chain

Gold is the second-most traded commodity option on MCX, popular among Indian traders because of cultural significance and inverse correlation with USD strength. MCX Gold tracks COMEX Gold futures with USD-INR conversion. Indian gold prices are also influenced by domestic demand (jewellery, wedding seasons) and import duties.

Key Data Points

For each strike price, you can see: - Last Traded Price (LTP) — current option premium - Open Interest (OI) — outstanding contracts at each strike - Change in OI — net change from previous session - Volume — contracts traded today - Implied Volatility (IV) — typical range 15 - 35% - Greeks — Delta, Gamma, Theta, Vega

How to Trade Gold Options Effectively

Watch the Key Price Catalysts

Fed announcements — Gold rallies on dovish Fed, falls on hawkish
US inflation data (CPI/PCE) moves Gold significantly
USD-INR has inverse correlation with Indian Gold prices
Wedding season (October-February) supports prices via physical demand
Budget announcements on import duty changes can move Gold

Manage the Volatility

Gold IV typically ranges 15-35% — moderate compared to crude or natural gas. Spikes to 50%+ during macro events. Theta decay is significant but less aggressive than higher-IV commodities.

Use Mini Contracts if Available

Gold Mini has smaller lot size, making it accessible for retail traders with lower capital.

Gold Options Contract Details

Specification	Value
Underlying	Gold futures on MCX
Lot size (regular)	1 kg
Lot size (mini)	100 grams
Tick size	₹1 per 10 grams
Trading hours	9:00 AM – 11:55 PM IST
Margin requirement	As per MCX & broker guidelines
Settlement	In-the-money options exercised at expiry devolve into the corresponding MCX futures position at the option strike price. Traders should maintain the applicable futures margin before expiry. Out-of-the-money options expire worthless.
Expiry	Monthly expiry contracts available

What Drives Gold Prices

US Federal Reserve interest rate decisions
US inflation data (CPI, PCE)
USD strength (inverse correlation)
Indian wedding season demand (October-February)
Indian import duty changes
Geopolitical risk (Gold is safe-haven asset)
Central bank gold buying/selling

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FAQs

Indian Gold = Global Gold × USD-INR + Import duty + Taxes. USD strength against INR adds to the import cost. Import duties (currently around 15%) add another premium.

Dovish Fed (lower rates or rate cut signals) typically lifts Gold. Hawkish Fed (higher rates or hold signals) typically pressures Gold. IV spikes around Fed meetings.

Gold and USD have an inverse correlation. When USD strengthens, Gold typically falls in USD terms. But for Indian traders, INR weakness against USD partially offsets this, making Indian Gold prices less negatively correlated with USD.

Yes. Gold Mini has smaller lot size requiring lower margin. Same underlying, same expiry calendar.

During Indian wedding season (October-February) and around macro events (Fed meetings, inflation data). Volume is steady year-round but spikes during these windows.