The Silver 100 (100 gram) futures contracts will be available for trading across multiple expiry months, including July 2026, August 2026, September 2026, October 2026 and November 2026.
MCX said the contract specifications and trading parameters detailed in the annexure will be binding on all exchange members and clients trading through them.
Also Read: Gold, silver gain over 7% on MCX after India raises import duties on bullion
The exchange added that members should refer to circulars issued by the MCX Clearing Corporation Ltd (MCXCCL) from time to time for applicable margins, as well as delivery and settlement-related details.
The government on Wednesday sharply hiked import duty on gold and silver to 15% from 6% earlier to discourage purchase and trim non-essential imports in the backdrop of a ballooning import bill amid the West Asia crisis.
India is the world’s largest consumer of silver, uses it in jewellery, coins, bars and industrial applications ranging from solar energy to electronics.
Shares of Multi Commodity Exchange of India Ltd ended at ₹3,340.45, up 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)
