MCX announces launch of 100 gram silver futures contracts from Jun 1
This story was originally published at 12:25 IST on 15 May 2026
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MUMBAI – The Multi Commodity Exchange of India will start trade in futures contracts in 100 gram silver from Jun. 1, it said in a release Thursday. The delivery centre will be Ahmedabad, with delivery unit at 100 gram. It will be a compulsory delivery contract.
The silver will have to be of 999 grade and 999 fineness. No negative tolerance on the minimum fineness shall be permitted, and the white metal below 999 purity will be rejected, it said.
The initial margin will be minimum 10%, but in case of additional volatility, additional or special margin may be imposed, the release said.
The maximum allowed open position will be 100 tonnes or 5% of the market wide open position, whichever is higher for all silver contracts combined. For a member, the limit will be 1,000 tonnes or 20% of the market wide open position whichever is higher, for all silver contracts combined together.
MCX will have six monthly contracts running together. Initially, these will be futures contracts expiring in months from June to November, said the release, which also specified further details. End
Reported by Abhijit Doshi
Edited by Akul Nishant Akhoury
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