MCX Launches ‘Silver 100’ Futures Contracts To Boost Retail Participation In Bullion Trading

The Multi Commodity Exchange (MCX) has launched a new silver futures contract called “Silver 100”, offering market participants with an exposure to silver contract size as small as 100 grams. The new product became available for trading from June 1 and is aimed at expanding access to silver derivatives for retail investors, small traders and jewellers.

Until now, MCX only offered silver futures contracts with larger lot sizes of 30 kg, 5 kg and 1 kg. The introduction of the 100-gram contract significantly lowers the capital requirement needed to participate in silver futures trading, making the commodity market more accessible to a wider range of investors, especially for smaller retail investors.

The new contract has been designed to help businesses in the silver ecosystem manage price fluctuations more efficiently. Smaller jewellers and traders will be able to hedge their inventory requirements without committing large amounts of capital or taking oversized market positions. Retail investors can also gradually build exposure to silver through a regulated exchange platform.

The Silver 100 futures contracts will be available across six expiry months — June, July, August, September, October and November 2026. The trading symbol for the contract is “SILVER100”. Trading will take place from Monday to Friday during MCX trading hours, which extend from 9:00 am to 11:30 pm or 11:55 pm depending on daylight saving adjustments in international markets.

Under the contract specifications, the trading unit has been fixed at 100 grams, while prices will be quoted per 10 grams. The quoted price will be based on ex-Ahmedabad rates and will include import duties and customs levies, but exclude the Goods and Services Tax (GST) and other local taxes. Market participants will also have the option of physical delivery upon contract settlement. Ahmedabad has been designated as the delivery centre for the contract MCX Clearing Corporation-accredited facilities.

The launch is expected to increase liquidity in the silver derivatives segment and attract new retail traders looking for exposure to precious metals. The product has been launched at a time when silver prices have remained volatile amid global economic uncertainty, changing industrial demand, and fluctuations in precious metal imports.

The launch also comes shortly after the government increased import duties on gold and silver, a move intended to curb non-essential imports and manage the country’s external account pressures. Analysts say the smaller contract size could help investors and businesses navigate a changing bullion market environment while improving participation in commodity trading.