Description

NSE Clearing Limited notifies the compulsory delivery settlement calendar for the Commodity Derivatives Segment for June 2026, covering gold, silver, and base metals contracts.

Summary

NSE Clearing Limited (Circular Ref. No. 0169/2026, dated May 14, 2026) has published the Settlement Calendar for Compulsory Delivery in the Commodity Derivatives Segment for June 2026. The calendar covers gold, silver, and base metal futures contracts and specifies delivery intention windows, settlement numbers, and pay-in/pay-out dates.

Key Points

  • Settlement calendar applies to the Commodity Derivatives Segment for June 2026 (compulsory delivery).
  • Delivery mode for all listed contracts is IMS (Inventory Management System) with T+1 settlement type.
  • Gold contracts (GOLDM, GOLD1G, GOLD) have expiry on June 5, 2026; delivery intention period is June 3–5, 2026 (10:00 AM – 9:00 PM).
  • Silver and other precious metal contracts (SILVERM, SILVERMIC, GOLDGUINEA, GOLD10G) have expiry on May 29, 2026; delivery intention period is May 27–29, 2026.
  • Base metal contracts (ALUMINIUM, ALUMINI, COPPER, LEAD, LEADMINI, NICKEL, ZINC, ZINCMINI) have expiry on May 29, 2026 with staggered delivery intention dates.
  • Settlement numbers for gold contracts: 260603, 260604, 260605; for silver/precious metals: 260527, 260528, 260529.

Regulatory Changes

No new regulatory changes are introduced. This is a routine monthly notification of compulsory delivery settlement schedules as per existing NSE Clearing framework.

Compliance Requirements

  • All members trading in commodity derivatives with compulsory delivery obligation must adhere to the specified delivery intention windows (10:00 AM – 9:00 PM on respective dates).
  • Members must ensure timely pay-in of commodities and funds as per the settlement schedule.
  • Non-delivery will attract penalties (Dr/Cr) as per NSE Clearing rules.
  • Members should note charges applicable for weight differentials, premium/discount, and making charges.

Important Dates

Gold (GOLDM, GOLD1G, GOLD):

  • Expiry: June 5, 2026
  • Delivery Intention: June 3–5, 2026
  • Commodity Pay-in: June 3, 4, 8, 2026
  • Funds Pay-in / Pay-out: June 4, 5, 8, 2026
  • Commodity Pay-out: June 9, 10, 11, 2026

Silver & Precious Metals (SILVERM, SILVERMIC, GOLDGUINEA, GOLD10G):

  • Expiry: May 29, 2026
  • Delivery Intention: May 27–29, 2026
  • Commodity Pay-in: May 27, 28, June 1, 2026
  • Funds Pay-in / Pay-out: May 29, 29, June 1, 2026
  • Commodity Pay-out: June 3, 3, 4, 2026

Base Metals (ALUMINIUM, ALUMINI, COPPER, LEAD, LEADMINI, NICKEL, ZINC, ZINCMINI):

  • Expiry: May 29, 2026
  • Delivery Intention: May 27–29, 2026
  • Settlement follows same T+1 schedule as precious metals

Impact Assessment

This circular has medium operational impact for members active in commodity derivatives with physical delivery obligations. Traders holding open positions in gold, silver, or base metal futures approaching expiry must plan their delivery logistics, warehouse receipts, and fund availability in line with the published schedule. No market-wide disruption is expected as this is a standard monthly calendar notification. Members using the IMS platform should ensure system readiness for the delivery intention submission windows.

Impact Justification

Routine operational circular publishing monthly settlement schedule for commodity derivatives; relevant to members trading in gold, silver, and base metal futures under compulsory delivery norms.