MCX has launched a new 'Silver 100' futures contract, with trading commencement effective from June 1, 2026. The launch expands MCX's existing portfolio of silver derivatives contracts, which already includes Silver Futures (30 kg, 5 kg, 1 kg) and Options (5 kg, 30 kg monthly contracts).
According to FIA report 2025, MCX is ranked No. 1 globally in Commodities Options, with Silver Futures and Options ranked 2nd respectively. The average daily turnover for Silver Futures was ₹21,648 crores and for Silver Options was ₹74,883 crores during FY26.
Key Contract Features:
- Designed for effective hedging and investment for jewelers, SMEs, and retail investors
- Offers flexibility through liquidity and smaller denomination (100g)
- Provides ease of delivery at futures expiry
- Features transparent making charge
- Offers quality assured product
Market Context:
MCX has recently issued a circular on 'Revision of MCX Good Delivery Norms - Silver' to empanel eligible domestic silver refiners. This initiative aims to reduce import dependence and increase domestic silver recycling.
Management Commentary:
Ms. Praveena Rai, Managing Director & CEO of MCX, stated that the Silver 100 Futures contract helps businesses in India's silver industry protect against price volatility. Local jewellery businesses can hedge or take delivery in quantities aligned with inventory needs, reducing capital commitment and exposure beyond actual requirements. Retail participants can invest in smaller quantities through a secure regulated exchange framework.
Company Background:
MCX is India's leading Commodity Derivatives Exchange and largest Commodity Options Exchange globally, operational since 2003. The exchange holds approximately 98% market share in terms of value of commodity futures contracts traded in FY 2024-25.