How Are Commodity Contracts Settled At Expiry

Cash-Settled Futures & all Options: At ICICI Direct, we square off all open position in cash settled future contract and all commodity option contract by 10:00 PM on expiry day, on best effort basis.
Physically Settled Futures: Commodities like Gold, Silver, Base Metal are Physically settled commodity at exchange but ICICI Direct does not offer physical delivery. So, all physically settle future contracts are settled/closed by 10:00 PM on 1 day prior to start of tender period/staggered delivery period on best effort basis.