MCX To Launch Silver 100 Futures Contracts from June 1, 2026

The Multi-Commodity Exchange of India Ltd (MCX) has announced the launch of Silver 100 (100 gram) futures contracts. The exchange released this update through a circular dated May 14, 2026.

The contracts will be available for trading starting June 1, 2026. This development expands MCX’s product offerings in the precious metals derivatives segment.

Contract Launch and Key Specifications

The Silver 100 futures contracts will have a lot size of 100 grams, making them relatively smaller compared to existing contracts. This structure is intended to improve accessibility for a broader range of market participants.

The contracts will be listed across multiple months, allowing continuous trading opportunities over a defined period. The specified expiry months include July 2026, August 2026, September 2026, October 2026, and November 2026.

Trading Rules and Compliance Framework

MCX has stated that all contract specifications and trading parameters outlined in the annexure will be binding on members and their clients. This includes guidelines related to pricing, tick size, and contract structure.

The exchange has also directed participants to refer to circulars issued by MCX Clearing Corporation Ltd (MCXCCL) for margin requirements. Additionally, delivery and settlement procedures will be governed by MCXCCL norms to ensure standardised execution.

Expiry Structure and Market Participation

The availability of contracts across 5 consecutive expiry months provides flexibility to traders and hedgers. This allows participants to align their trading strategies with different time horizons and market conditions.

The staggered expiry framework also supports smoother rollover of positions between contracts. Such a structure can contribute to improved liquidity and more efficient price discovery in the silver derivatives market.

Import Duty Hike and Market Context

The launch of these contracts comes alongside a recent policy move affecting precious metals. The government increased import duty on gold and silver to 15% from 6% on May 14, 2026.

This measure aims to curb non-essential imports and manage the rising import bill amid external economic pressures. The duty hike may influence domestic pricing trends and demand patterns in the precious metals segment.

Read More: NSE Clearing Revises Storage Charges for Silver Contracts in Commodity Segment.

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Conclusion

The introduction of Silver 100 futures contracts by MCX marks a notable addition to its commodities derivatives portfolio. The smaller contract size and multiple expiry options are designed to enhance accessibility and flexibility for market participants.

The timing of the launch coincides with changes in import duty that may impact the broader precious metals market. Overall, the development reflects evolving dynamics in both regulatory policy and commodity trading infrastructure in India.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.