MCX expands silver portfolio with Silver 100 futures contract launch; here's how shares are performing

Multi Commodity Exchange of India (MCX) shares fell 2% to touch an intraday low of ₹2,888.80 apiece on Monday, June 1, after the company added a new futures option to its existing portfolio.

“To further expand the portfolio of silver futures, with feedback from markets addressing the need for industry, the ‘Silver 100’ futures is being launched for commencement of trading from today,” the company said in a statement.

MCX further said that the Silver 100g Futures contract is structured to meet the hedging and investment requirements of a broad set of participants, including jewellers, SMEs, and retail investors. Its smaller denomination improves accessibility, while strong liquidity enhances flexibility in managing market positions.

If delivery is taken upon contract expiry, the process is designed to be seamless, with clear and transparent making charges. The contract also ensures a quality-assured product, reinforcing confidence in the underlying asset.

MCX stated that it has issued a circular on the revision of its Good Delivery Norms for silver, inviting eligible domestic silver refiners to apply for empanelment under these norms. The exchange noted that this initiative is aimed at reducing reliance on imports while promoting domestic silver recycling.

Commenting on the launch, 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 deliveries in quantities that are better aligned with their inventory needs. This reduces the need to commit larger amounts of capital or take exposure beyond actual business requirements.”

Rai further added that the contract would enable retail participants to invest in silver in smaller quantities over time, while allowing them to trade within a secure and regulated exchange framework.

MCX share price

At 10:43 PM, MCX shares were trading at ₹2,912.7 apiece on the National Stock Exchange, slipping 1.41%.

Shares of the firm have tanked 12% in the last five trading sessions, while they have rallied 42.5% in the past six months. From the beginning of the year, shares of MCX have jumped over 32%.

The company has a market capitalisation of ₹74,212.83 crore.

Shares of the company had touched their one-year high of ₹3,480 apiece on May 21, 2026, while their 52-week low of ₹1,292.90 was hit on May 29, 2025.

MCX Q4 results snapshot

In the March quarter results, MCX posted a 291% jump in consolidated net profits to ₹529.77 crore, compared year-on-year with ₹135.46 crore in the same period a year ago, according to the NSE filing.

The commodities exchange’s revenue from core operations surged 205% to ₹888.94 crore in the fourth quarter, compared with ₹291.33 crore in the same quarter of the previous fiscal year.

The company’s operational level, earnings before interest, tax, depreciation and amortisation (EBITDA), expanded 271% to ₹703 crore from ₹189 crore, while the EBITDA margin improved to 76% from 59% a year ago.