Description

BSE announces revised expiry dates for Gold and Silver Futures and Options contracts due to Good Friday holiday on April 3, 2026.

Summary

BSE has announced changes to the expiry dates for Gold and Silver Futures contracts and Options on Futures due to Good Friday falling on April 3, 2026. The futures contracts will expire one day earlier on April 2, 2026, and options on futures will expire on March 24, 2026 instead of March 25, 2026.

Key Points

  • Gold and Silver Futures expiry date changed from April 3, 2026 to April 2, 2026
  • Gold and Silver Options on Futures expiry date changed from March 25, 2026 to March 24, 2026
  • Changes are due to Good Friday holiday on April 3, 2026
  • Applies to contracts previously introduced via exchange notices dated September 25, 2025 and July 10, 2025
  • Notice issued by Head-Trading Operations and Vice President-Trading Operations

Regulatory Changes

No new regulatory framework changes. This is a scheduling adjustment to accommodate the Good Friday market holiday.

Compliance Requirements

Trading members must:

  • Update their systems and calendars with the revised expiry dates
  • Inform clients holding positions in Gold and Silver Futures and Options contracts
  • Ensure settlement processes are aligned with the new dates
  • Adjust risk management and position monitoring systems accordingly

Important Dates

  • Original Gold & Silver Futures Expiry: April 3, 2026
  • Revised Gold & Silver Futures Expiry: April 2, 2026
  • Original Gold & Silver Options Expiry: March 25, 2026
  • Revised Gold & Silver Options Expiry: March 24, 2026
  • Good Friday (Market Holiday): April 3, 2026

Impact Assessment

Market Impact: Medium - Affects all participants trading Gold and Silver derivatives on BSE. Traders need to adjust their expiry strategies and rollover plans.

Operational Impact: Trading members must update their systems, risk models, and client communications to reflect the earlier expiry dates. This particularly impacts:

  • Position holders approaching expiry who need to roll over or close positions
  • Settlement teams preparing for contract expiry
  • Algorithmic trading systems with hardcoded expiry dates
  • Margin calculation systems that factor in time to expiry

Risk Considerations: Early awareness allows adequate time for system updates and client notification, minimizing disruption risk.

Impact Justification

Important for commodity derivatives traders to note the revised expiry dates to avoid settlement issues, but limited to specific contracts and a known holiday schedule change.