The Silver 100 (100 gram) futures contracts will be tradable across various expiry months, including July 2026, August 2026, September 2026, October 2026, and November 2026.
According to MCX, the specifications and trading parameters outlined in the annexure will be mandatory for all exchange members and their clients.
Also Read: Gold, silver gain over 7% on MCX after India raises import duties on bullion
The exchange also mentioned that members should check the circulars issued by the MCX Clearing Corporation Ltd (MCXCCL) regularly for the applicable margins and details related to delivery and settlement.
On Wednesday, the government significantly increased the import duty on gold and silver to 15%, up from 6%, in an effort to discourage purchases and reduce non-essential imports amidst a rising import bill due to the West Asia crisis.
India ranks as the largest global consumer of silver, utilizing it in jewelry, coins, bars, and various industrial applications, including solar energy and electronics.
Shares of Multi Commodity Exchange of India Ltd closed at ₹3,340.45, rising by ₹135.45, or 4.23%, on the BSE.
Also Read: Gold and silver duty hike explained: What it means for buyers, jewellers and the economy
(Edited by : Jomy Jos Pullokaran)
