MCX Silver | MCX: SILVER | Currency: INR | Type: Commodity Futures (MCX)
Key Statistics
About MCX Silver
MCX Silver is India's main silver futures contract, traded in a 30-kilogram lot and quoted in rupees per kilogram on the Multi Commodity Exchange. It marries the international COMEX silver price with the rupee-dollar rate, and inherits silver's characteristic volatility from its dual precious-industrial identity. Indian industrial fabricators and jewellers use the contract for rupee-denominated hedging.
Instrument Details
| Ticker | SILVER |
| Exchange / Market | MCX |
| Instrument type | Commodity Futures (MCX) |
| Quote currency | INR |
Underlying & Contract Specifications
| Underlying asset | Silver (999 fineness) |
| Exchange | MCX |
| Contract unit | 30 kilograms |
| Expiry cycle | Bi-monthly contract cycle |
Contract specifications are indicative — always verify against the exchange's official contract page before trading.
Trading Hours
MCX Silver trades 09:00 AM to 11:30 PM IST on MCX, Monday to Friday. Outside those hours this page shows the last traded level, with change figures measured against the previous official close. All session times are expressed in Indian Standard Time (IST).
How to Read MCX Silver
MCX Silver follows the international dollar benchmark converted through USD/INR, so a weakening rupee can lift the MCX price even when the global price is flat. Compare the domestic move with the international quote to separate currency effects from commodity moves. The evening session reaction to US data is often the day's most active window.
52-week range: 40.185 – 121.3. Trailing 12-month change: 65.05%.
