Multi Commodity Exchange (MCX) has introduced the 'Silver 100' futures contract, aimed at broadening participation in the silver market by allowing investors and small jewellers to trade with a minimum quantity of just 100 grams.

The new offering expands MCX's existing range of silver derivatives, which already includes futures contracts of 30 kg, 5 kg and 1 kg, along with monthly options on 30 kg and 5 kg contracts. Clearing and settlement of the new contract will be managed by the Multi Commodity Exchange Clearing Corporation Ltd (MCXCCL).

According to MCX, the Silver 100 futures contract is designed to provide greater accessibility and help participants in India's silver industry hedge against price fluctuations more effectively. The launch is expected to encourage wider retail participation while offering an additional risk-management tool for smaller market players.