Circular No.: MCX/TRD/287/2026 May 14, 2026
Launch of Silver 100 (100 gram) Futures contractsIn terms of the provisions of the Rules, Bye-Laws and Business Rules of the Exchange, the Members of the Exchange are notified as under:
The Exchange is pleased to announce the launch of Silver 100 (100 gram) Futures contracts with effect from Monday June 01, 2026.
Silver 100 (100 gram) Futures contracts will be available for trading as below
Commodity | Contract Launch Date | Contract Expiry month |
Silver 100 (100 gram) | June 01, 2026 | June 2026 |
July 2026 | ||
August 2026 | ||
September 2026 | ||
October 2026 | ||
November 2026 |
The contract specification and trading parameters of the contract as specified in the Annexure, shall be binding on all the Members of the Exchange and the constituents trading through them.
Further, for applicable margins and delivery & settlement details, Members are requested to refer to the circulars issued by Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) from time to time.
Members are requested to take note of the above.
Rohit Lunker
Assistant Vice president - Market Operations
Kindly contact Amarpal Singh on 022 - 6649 4040 or send an email at customersupport@mcxindia.com for any clarification.
Corporate office
Multi Commodity Exchange of India Limited
Exchange Square, CTS No. 255, Suren Road, Chakala, Andheri (East), Mumbai - 400 093 Tel.: 022 - 6649 4000 Fax: 022 - 6649 4151 CIN: L51909MH2002PLC135594
https://www.mcxindia.com email: customersupport@mcxindia.com
Annexure Contract Specification for Silver100 (100 gram) Futures ContractSymbol | SILVER100 |
Description | SILVER100MMYY |
Contract Listing | Contracts are available as per the Contract Launch Calendar. |
Contract Start Day | 1stday of contract launch month. If 1stday is a holiday then the following working day. |
Last Trading Day | Last calendar day of the contract expiry month. If last calendar day is a holiday then preceding working day. |
Trading Period | Mondays through Friday |
Trading Session | Monday to Friday: 09.00 a.m. to 11.30/ 11.55 p.m. |
Trading Unit | 100 Gram |
Quotation/Base Value | 10 Gram |
Price Quotation | Ex-Ahmedabad (inclusive of all taxes and levies relating to import duty, customs but excluding GST, any other additional tax, cess, octroi or surcharge as may be applicable) |
Maximum Order Size | 600 kg |
Tick Size (Minimum Price Movement) | Re. 1 per 10 grams |
Daily Price Limits | The Exchange has implemented a narrower slab of 4%. Whenever the narrower slab is breached, the relaxation will be allowed up to 6% without any cooling off period in the trade. In case the daily price limit of 6% is also breached, then after a cooling off period of 15 minutes, the daily price limit will be relaxed upto 9%. In case price movement in international markets is more than the maximum daily price limit (currently 9%), the same may be further relaxed in steps of 3%. |
Initial Margin* | Minimum 10% or based on SPAN whichever is higher |
Extreme Loss Margin | Minimum 1% |
Additional and/ or Special Margin | In case of additional volatility, an additional margin (on both buy & sell side) and/ or special margin (on either buy or sell side) at such percentage, as deemed fit; will be imposed in respect of all outstanding positions. |
Maximum Allowable Open Position | For individual client: 100 MT or 5% of the market wide open position whichever is higher for all Silver contracts combined together For a member collectively for all clients: 1000 MT or 20% of the market wide open position whichever is higher, for all Silver contracts combined together. |
Delivery | |
Delivery Unit | 100 Gram |
Delivery period margin** | Delivery period margins shall be higher of:
|
Delivery Center(S) | Ahmedabad |
Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) accredited facilities only. | |
Quality Specifications | Grade: 999 and Fineness: 999 (as per IS 2112: 1981)
It should be serially numbered silver bars supplied by LBMA approved suppliers or other suppliers as approved by MCX#. |
Staggered Delivery Tender Period | The staggered delivery tender period will be the last 3 trading days (including expiry day) of the contracts. The seller/buyer having open position shall have an option of submitting an intention of giving/taking delivery on any day during the staggered delivery period. On expiry of the contract, all the open positions shall be marked for compulsory delivery. |
Delivery allocation | Intentions received to give delivery by sellers during the day shall be allocated to buyers having open long position as per random methodology to ensure that all the buyers have an equal opportunity of being selected to receive delivery irrespective of the size or value of the position. However, preference may be given to buyers who have given intention of taking delivery. Funds pay-in of the delivery allocated to the buyer will be on T+1 working days i.e. excluding Saturday, Sunday & Public Holiday. The buyer to whom the delivery is allocated will not be allowed to refuse taking delivery. If the seller fails to deliver, the penal provisions as specified for seller default shall be applicable. |
Delivery order rate | On Tender Days: The delivery order rate (the rate at which delivery will be allocated) shall be the closing price (weighted average price of last half an hour) on the respective tender day except on the expiry date. On Expiry: On expiry date, the delivery order rate or final settlement price shall be the Due Date Rate (DDR) and not the closing prices. |
Due Date Rate (Final Settlement Price) | Exchange shall announce the DDR based on the Ahmedabad Spot price for Silver (1 kg) 999 purity, polled on the last day of the expiry of this Silver 100 gram contract by around 5.30pm. The arrived spot price will be converted for 100 gram Silver. (Silver spot price per 1kg x 100/1000) In case of non-availability of polled spot price on expiry day (E0)/predetermined number of days due to sudden closure of physical market under any emergency situations noticed, Exchange shall decide further course of action for determining FSP and which shall be in accordance with MCXCCL circular no. MCXCCL/SPOT/077/2020 dated April 13, 2020. |
Delivery Logic | Compulsory Delivery |
* A) The Margin Period of Risk (MPOR) shall be in accordance with SEBI Circular no. SEBI/HO/CDMRD/DRMP/CIR/P/2020/15 dated February 27, 2020. For applicable minimum MPOR, refer latest circulars issued by MCXCCL from time to time.
B) For all the applicable margins, refer the latest circulars issued by Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) from time to time.
** As per SEBI directive SEBI/HO/CDMRD/DRMP/CIR/P/2016/77 dated Sep 01, 2016.
# At the discretion of the Exchange, Silver refined by Exchange empanelled Indian refiners may be introduced in this contract or others
Contract Launch Calendar of Silver100 (100 Gram)Contract Launch Months | Contract Expiry Months |
June 2026 | June 2026 |
July 2026 | |
August 2026 | |
September 2026 | |
October 2026 | |
November 2026 | |
July 2026 | December 2026 |
August 2026 | January 2027 |
September 2026 | February 2027 |
October 2026 | March 2027 |
November 2026 | April 2027 |
December 2026 | May 2027 |