MCX Launches 'Silver 100' Futures to Enhance Bullion Derivatives Portfolio

MCX Launches 'Silver 100' Futures to Enhance Bullion Derivatives Portfolio​

Multi Commodity Exchange of India Limited (MCX), India's leading commodity derivatives exchange, has launched 'Silver 100' futures, significantly expanding its portfolio of high-volume bullion contracts. The introduction aims to meet market demand for a contract structure that better aligns with the operational needs of India's silver industry.

Commenting on the expansion, Ms. Praveena Rai, Managing Director & CEO, MCX, stated that the Silver 100 Futures contract offers crucial protection against price volatility for businesses in India's silver sector. The new contract allows local jewellery businesses to hedge or take delivery in quantities that better match their actual inventory requirements, thereby reducing the need to commit large amounts of capital or take exposure beyond existing business needs. Furthermore, the structure enables retail participants to invest in silver gradually and in smaller quantities through a regulated exchange framework.

The key features of the Silver 100g Futures contract include suitability for hedging and investment by jewelers, SMEs, and retail investors, offering flexibility through smaller denominations and high liquidity. Should delivery be taken at the contract's expiry, the transaction promises ease of delivery, a transparent making charge, and quality assurance.

Current Market Snapshot​

The launch adds to an existing robust portfolio, which includes various contract sizes. Historically, the exchange has demonstrated strong performance in bullion derivatives. According to the FIA report 2025, MCX Silver Futures and Options are ranked second globally, following its ranking of No. 1 in Commodity Options.

The average daily turnover for the silver segment in Financial Year 2026 stood at significant levels:


Currently, the Exchange offers Silver Futures in 30 kg, 5 kg, and 1 kg contracts, while the Options segment includes 5 kg and 30 kg monthly contracts, all maintaining good liquidity for market trading.

Other Market Developments​

Beyond the new futures launch, MCX is also promoting the domestic supply chain. The Exchange has initiated a process for the 'Revision of MCX Good Delivery Norms - Silver,' inviting eligible domestic silver refiners to apply for empanelment. This initiative is designed to boost domestic silver recycling and reduce dependence on imports.

Overall, MCX remains a dominant force in the Indian commodity market, serving as India's leading Commodity Derivatives Exchange and the largest Commodity Options Exchange globally (FIA, 2025). Operational since 2003, the exchange holds a market share of approximately 98% in terms of the value of commodity futures contracts traded in the financial year 2024-25. MCX offers trading across a diverse range of commodities, including bullion, energy, metals, and agri commodities, facilitating both fair price discovery and efficient risk management for the Indian economy.

MCX Stock Price Movement​

As of 10:06 AM, shares of Multi Commodity Exchange of India Limited are slipping by 1.13% in live trading, currently priced at ₹2921.1. The stock is seeing high liquidity on a volume of 975,006 shares, trading significantly below its day's high of ₹2987.5.