Description

BSE revises expiry dates for Gold and Silver Futures and Options on Futures contracts for April 2026 due to Good Friday holiday.

Summary

BSE has announced a change in expiry dates for Gold and Silver Futures contracts and Options on Futures for April 2026. The revision is necessitated by the Good Friday holiday falling on April 3, 2026. Gold and Silver Futures expiry will move from April 3 to April 2, 2026, while Options on Futures expiry will advance from March 25 to March 24, 2026.

Key Points

  • Expiry date changes apply to Gold and Silver Futures and Options on Futures contracts
  • Changes are due to Good Friday holiday on April 3, 2026
  • Gold & Silver Futures expiry revised from April 3, 2026 to April 2, 2026
  • Gold & Silver Options on Futures expiry revised from March 25, 2026 to March 24, 2026
  • This follows previous notices 20250925-57 (September 25, 2025) and 20250710-35 (July 10, 2025) regarding introduction of these contracts

Regulatory Changes

No regulatory framework changes. This is an operational adjustment to the trading calendar to accommodate the Good Friday holiday in April 2026.

Compliance Requirements

  • Trading members must note the revised expiry dates for contract settlement planning
  • Members should update their systems and inform clients about the modified expiry schedule
  • Position management and rollover strategies should account for the one-day advance in expiry dates

Important Dates

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

Impact Assessment

The impact is moderate and primarily affects commodity derivatives market participants holding Gold and Silver Futures and Options positions scheduled to expire in late March and early April 2026. Traders will need to adjust their rollover strategies and position management timelines by one day. The advance notice provided (over three months) allows adequate time for market participants to adapt their trading strategies and settlement procedures.

Impact Justification

Schedule change affects commodity derivatives traders dealing with Gold and Silver contracts expiring in April 2026. Impact limited to specific contract months but requires position management adjustments.