Mumbai, June 1: Multi Commodity Exchange of India Limited the nation’s premier commodity derivatives exchange is ranked No. 1 globally in Commodities Options. MCX Silver Futures and Options are ranked 2nd respectively . Silver Futures and Options average daily turnover was seen at Rs. 21,648 crores and Rs. 74,883 crores respectively (FY26). Within the Silver Futures, the Exchange has 30kg, 5kg, 1kg contracts and in Options, Exchange has 5kg, 30kg monthly contracts, all of them with good liquidity for market trading.
To further expand the portfolio of silver futures, with feedback from markets addressing the need for industry, the
‘Silver 100’ futures is being launched for commencement of trading from today.
Commenting on the launch, Ms. Praveena Rai, Managing Director & CEO, MCX, said:
“The Silver 100 Futures contract helps businesses in India’s silver industry protect themselves against price volatility. Local jewellery businesses can now hedge or take delivery in quantities that are better aligned with their inventory needs. This reduces the need to commit larger amounts of capital or take exposure beyond actual business requirements. The contract will also help retail participants to invest in silver in smaller quantities over time, while trading through a secure regulated exchange framework.”
Key features of the Silver 100g Futures contract include:
Effective for Hedging/Investment for jewelers, SME and retail investors
Flexibility driven by liquidity and smaller denomination
If delivery is taken at expiry of futures:
Ease of delivery
Transparent making charge
Quality assured product
MCX has recently issued a circular on ‘Revision of MCX Good Delivery Norms – Silver’ inviting eligible domestic silver refiners for applying to be empaneled as per MCX Good Delivery Norms. This initiative by Exchange would reduce dependence on import and increase domestic silver recycling.
MCX has issued Circular no MCX/TRD/287/2026 dated May 14, 2026 informing market participants for launch of Silver 100. Clearing and settlement will be handled via the Multi Commodity Exchange Clearing Corporation Limited (MCXCCL).
