Multi Commodity Exchange of India Limited (MCX) has launched its ‘Silver 100’ futures contract, expanding its portfolio of high-volume bullion contracts. This new offering aims to assist Indian silver businesses, including jewelers and SMEs, in hedging against price volatility and managing inventory needs more effectively. The contract provides flexibility, liquidity, and smaller denominations, catering to both retail investors and industry participants.
MCX Introduces ‘Silver 100’ Futures
Multi Commodity Exchange of India Limited (MCX), a leading commodity derivatives exchange, has announced the launch of its new ‘Silver 100’ futures contract. This addition is designed to further strengthen MCX’s existing portfolio of highly traded bullion contracts. The launch, effective from June 1, 2026, addresses the market’s need for greater flexibility and accessibility in silver trading.
Benefits for Businesses and Investors
The ‘Silver 100’ futures contract aims to empower businesses within India’s silver industry by providing a robust tool for managing price volatility. Ms. Praveena Rai, Managing Director & CEO, MCX, stated that the contract will help local jewelers and Small and Medium Enterprises (SMEs) to hedge their exposure or take physical delivery in quantities that align with their inventory requirements. This also reduces the need for substantial upfront capital. Furthermore, the contract is expected to benefit retail participants by enabling them to invest in silver through smaller, manageable quantities within a regulated framework.
Key Features of the Contract
The ‘Silver 100g’ futures contract offers several key advantages:
- Effective hedging and investment opportunities for jewelers, SMEs, and retail investors.
- Enhanced flexibility driven by liquidity and smaller denominations.
- For delivery at expiry, the contract ensures ease of delivery, transparent making charges, and a quality-assured product.
Supporting Domestic Silver Recycling
In a related initiative, MCX has issued a circular on the ‘Revision of MCX Good Delivery Norms – Silver’. This move encourages eligible domestic silver refiners to apply for empanelment, with the objective of reducing reliance on imports and promoting domestic silver recycling.
Operational Details
The launch of ‘Silver 100’ futures was communicated to market participants via Circular no MCX/TRD/287/2026, dated May 14, 2026. Clearing and settlement for these contracts will be managed by the Multi Commodity Exchange Clearing Corporation Limited (MCXCCL).
About MCX
The Multi Commodity Exchange of India Ltd. (MCX) is recognized as India’s premier commodity derivatives exchange and holds the position of the largest Commodity Options Exchange globally, as per the FIA 2025 report. Operating since 2003, MCX maintains a significant market share of approximately 98% in terms of the value of commodity futures contracts traded in the financial year 2024-25. The exchange provides a dynamic platform for the Indian commodity market, facilitating fair price discovery and efficient risk management across a wide array of commodities, including bullion, energy, metals, and agri commodities.
Source: BSE
