The Silver 100 (100 gram) futures contracts can be obtainable for buying and selling throughout a number of expiry months, together with July 2026, August 2026, September 2026, October 2026 and November 2026.
MCX stated the contract specs and buying and selling parameters detailed within the annexure can be binding on all trade members and purchasers buying and selling by way of them.
Additionally Learn: Gold, silver acquire over 7% on MCX after India raises import duties on bullion
The trade added that members ought to refer to circulars issued by the MCX Clearing Company Ltd (MCXCCL) from time to time for relevant margins, in addition to supply and settlement-associated particulars.
The federal government on Wednesday sharply hiked import responsibility on gold and silver to 15% from 6% earlier to discourage buy and trim non-important imports within the backdrop of a ballooning import invoice amid the West Asia disaster.
India is the world’s largest shopper of silver, makes use of it in jewelry, cash, bars and industrial functions ranging from photo voltaic vitality to electronics.
Shares of Multi Commodity Trade of India Ltd ended at ₹3,340.45, up by ₹135.45, or 4.23%, on the BSE.
Additionally Learn: Gold and silver responsibility hike defined: What it means for patrons, jewellers and the economic system
(Edited by : Jomy Jos Pullokaran)
(*1*)
#MCX #launch #Silver #100gram #futures #contracts #June #CNBC #TV18
