MCX Revises Silver Options Strike Price Gap to ₹1,000, Effective January 29, 2026

The Multi-Commodity Exchange (MCX) has announced a change in the strike price interval for Silver and Silver Mini options contracts. The decision was taken on January 28 and will come into effect from January 29, 2026. The revision will apply to both running contracts and those yet to be launched.

MCX said the move is in line with its existing rules, and the revised contract specifications and trading parameters will be binding on all members and market participants.

Wider Strike Price Gap Under Revised Framework

Under the new framework, the strike price interval for Silver (30 kg) options on futures and Silver Mini (5 kg) options on futures has been increased to ₹1,000 from the earlier ₹250, reflecting the sharp rise in silver prices and heightened market volatility.

Silver Breaches ₹4 Lakh Per Kg on MCX

The revision comes against the backdrop of a powerful rally in silver prices. On Thursday, silver futures on the MCX surged past the ₹4 lakh per kilogram mark, with the March contract jumping more than 5 per cent to hit an intraday high of ₹4,08,487 per kg.

Also Read: Gold, Silver Stay Elevated Amid Global Uncertainty and Market Caution

Fastest-ever ₹1 Lakh Jump for Silver

Silver’s ascent has been swift and unprecedented. The metal crossed the ₹3 lakh per kg level on January 19, 2026, after breaching ₹2 lakh per kg on December 17, 2025. The move from ₹3 lakh to ₹4 lakh per kg took just 10 days, making it the fastest ₹1 lakh per kg rise ever recorded for silver, according to available data.

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