MCX · price
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MCX has launched a new 'Silver 100' futures contract on June 1, 2026, allowing trading in 100-gram silver lots. The contract targets jewelers, SMEs, and retail investors by offering a smaller, more accessible denomination compared to existing 30 kg, 5 kg, and 1 kg silver contracts on the exchange. MCX already dominates India's commodity derivatives market with about 98% market share in FY24-25, and its silver futures saw average daily turnover of Rs. 21,648 crore in FY26, with silver options at Rs. 74,883 crore. The launch aims to help businesses hedge price volatility with less capital, while MCX is also expanding domestic silver refining empanelment to cut import dependence and boost recycling.
This product expansion broadens MCX's bullion franchise and could lift trading volumes by drawing in smaller retail and SME hedgers who were earlier priced out of larger contracts. For shareholders, it is a positive volume-growth signal, though the stock reaction is likely modest since the move is incremental rather than transformative.