Multi Commodity Exchange of India, the country’s largest commodity derivatives exchange, has launched futures trading in ‘Silver 100’ on Monday.
Currently, the exchange has Silver Futures contracts on 30kg, 5kg, 1kg contracts and in Options, it trades in 5kg, 30kg monthly contracts. All the contracts are well received by the industry and trades with good liquidity, said the exchange.
The exchange’s Silver Futures and Options log an average daily turnover of ₹21,648 crore and ₹74,883 crore in FY26.
Praveena Rai, Managing Director & CEO, MCX said the Silver 100 Futures contract helps businesses in India’s silver industry protect themselves against price volatility.
Local jewellery businesses can now hedge or take delivery in quantities that are better aligned with their inventory needs, she added.
This reduces the need to commit larger amounts of capital or take exposure beyond actual business requirements, she added.
The contract will also help retail participants to invest in silver in smaller quantities over time, while trading through a secure regulated exchange framework, said Rai.
MCX has sought applications to empanel domestic refiners to facilitate delivery of locally refined silver on the exchange platform.
The initiative was aimed to reduce dependence on import and increase domestic silver recycling.