The contracts will be weekly. There will be three weekly contracts available at any point of time, said R Sundararaman, Chief-New Products, IISL & Dotex.
There is "no evidence to suggest that realized return volatility in electronically-traded futures markets has changed through time.
Gold today fell from a record after CME Group Inc boosted margins on futures contracts, prompting some investors to sell the metal after a three-day rally.