MCX Lot Sizes 2026: Every Contract, Margin & Contract Value
Live prices as of 2026-07-21 00:17 IST · Updated on every deploy
MCX offers eight commodity groups with contracts of varying sizes. The table below shows every actively traded contract — lot size, tick size, P&L per tick, and the live contract value at today's prices. SPAN margin is typically 4–7% of contract value; your broker may add an exposure margin on top. Use the table to find the contract whose margin fits your capital before you trade.
| Contract | Lot Size | Tick Size | P&L / tick | Contract Value* | SPAN Margin* |
|---|---|---|---|---|---|
| Precious Metals | |||||
| Gold | 1 kg | ₹1 / 10g | ₹100 / lot | ₹1.41 crore | ₹5.7 lakh – ₹9.2 lakh |
| Gold Mini | 100 g | ₹1 / 10g | ₹10 / lot | ₹14.1 lakh | ₹57,000 – ₹92,000 |
| Gold Guinea | 8 g | ₹1 / 10g | ₹0.80 / lot | ₹1.1 lakh | ₹5,000 – ₹7,000 |
| Gold Petal | 1 g | ₹1 / 10g | ₹0.10 / lot | ₹14,140 | ₹1,000 – ₹1,000 |
| Silver | 30 kg | ₹1 / kg | ₹30 / lot | ₹65.4 lakh | ₹2.6 lakh – ₹4.3 lakh |
| Silver Mini | 5 kg | ₹1 / kg | ₹5 / lot | ₹10.9 lakh | ₹44,000 – ₹71,000 |
| Silver Micro | 1 kg | ₹1 / kg | ₹1 / lot | ₹2.2 lakh | ₹9,000 – ₹14,000 |
| Energy | |||||
| Crude Oil | 100 bbl | ₹1 / bbl | ₹100 / lot | ₹8.0 lakh | ₹32,000 – ₹52,000 |
| Crude Mini | 10 bbl | ₹1 / bbl | ₹10 / lot | ₹80,020 | ₹3,000 – ₹5,000 |
| Natural Gas | 1,250 mmBtu | ₹0.10 / mmBtu | ₹125 / lot | ₹3.4 lakh | ₹14,000 – ₹22,000 |
| Nat Gas Mini | 250 mmBtu | ₹0.10 / mmBtu | ₹25 / lot | ₹68,600 | ₹3,000 – ₹4,000 |
| Base Metals | |||||
| Copper | 2,500 kg | ₹0.05 / kg | ₹125 / lot | ₹32.9 lakh | ₹1.3 lakh – ₹2.1 lakh |
| Copper Mini | 250 kg | ₹0.05 / kg | ₹12.50 / lot | ₹3.3 lakh | ₹13,000 – ₹21,000 |
* Contract values computed from MCX prices as of 2026-07-21 00:17 IST: Gold ₹1,41,398/10g, Silver ₹2,18,150/kg, Crude ₹8,002/bbl, Copper ₹1,315/kg, Nat Gas ₹274.4/mmBtu. SPAN margin indicative (4–6.5% of contract value); actual margin set by MCX daily — check your broker's SPAN calculator.
At today's MCX Gold price of ₹1,41,398/10g:
- 1 Gold standard lot (1 kg) = ₹1.41 crore — margin ≈ ₹5.7 lakh – ₹9.2 lakh
- 1 Gold Mini lot (100g) = ₹14.1 lakh — margin ≈ ₹57,000 – ₹92,000
At Crude ₹8,002/bbl: one Crude Mini lot (10 bbl) = ₹80,020, margin ≈ ₹3,000 – ₹5,000.
Worked example: Crude Mini margin calculation
The Crude Mini is the most accessible entry point on MCX. Here is how to compute your required capital step by step.
Scenario: Buy 1 MCX Crude Mini at ₹8,002/bbl
- Lot size: 10 barrels
- Contract value: ₹8,002 × 10 = ₹80,020
- SPAN margin (≈5%): ₹4,001
- Exposure margin (≈2%): ₹1,600
- Total margin required: ≈ ₹5,601
If crude rises ₹100/bbl (about 1.1% at current prices), your profit = ₹100 × 10 bbl = ₹1,000 on a margin of ≈₹5,601. That is a 17.9% return on margin from a 1.1% price move — leverage cuts both ways, so maintain a 20–30% buffer above minimum margin at all times.
How MCX contract value is calculated
MCX Gold is quoted in ₹ per 10 grams, not per gram or per kg. The standard lot is 1 kg = 100 units of 10g. So:
= ₹1,41,398 × 100 = ₹1.41 crore
Gold Mini = ₹1,41,398 × 10 = ₹14.1 lakh
Gold Guinea = ₹1,41,398 × 0.8 = ₹1.1 lakh
Silver, Crude, Copper, and Natural Gas use simpler math — they are quoted per unit of the underlying, and the lot size is just that many units. MCX Crude at ₹8,002/bbl × 100 bbl = ₹8.0 lakh.
Frequently asked questions
What is the lot size of MCX Gold Mini?
The MCX Gold Mini lot size is 100 grams, quoted in ₹ per 10 grams. It is one-tenth the size of the standard Gold contract (1 kg). Gold Mini is the most popular contract for retail gold traders because it requires a fraction of the margin — typically ₹60,000–₹1,00,000 — versus ₹6–10 lakh for the standard.
What is the MCX Crude Oil Mini lot size?
The MCX Crude Mini lot size is 10 barrels, quoted in ₹ per barrel. The standard Crude Oil lot is 100 barrels. At current prices, one Crude Mini lot has a contract value around ₹80,000–₹90,000 and requires approximately ₹4,000–₹6,000 in SPAN margin — making it the most accessible MCX energy contract for beginners.
How is MCX Gold lot size contract value calculated?
MCX Gold is quoted in ₹ per 10 grams. The standard lot is 1 kg = 100 units of 10 grams. Contract value = price per 10g × 100. If gold is at ₹1,55,000 per 10g, one lot = ₹1,55,000 × 100 = ₹1.55 crore. Gold Mini (100g) = price × 10 ≈ ₹15.5 lakh. Margin is typically 4–7% of contract value.
What is the tick size for MCX contracts?
Tick size is the minimum price movement allowed. MCX Gold: ₹1 per 10g (P&L per tick = ₹100 for standard, ₹10 for Mini). MCX Silver: ₹1 per kg (P&L = ₹30/lot standard, ₹5/lot Mini). MCX Crude Oil: ₹1 per barrel (₹100/lot standard, ₹10/lot Mini). MCX Copper: ₹0.05/kg (₹125/lot). Natural Gas: ₹0.10/mmBtu (₹125/lot standard, ₹25/lot Mini).
Which MCX contract is best for beginners?
For beginners, MCX Gold Mini (100g, margin ₹60K–₹1L) and MCX Crude Mini (10 bbl, margin ₹4K–₹6K) are the most accessible. Gold Mini tracks global gold prices with lower capital requirement. Crude Mini lets you trade the most liquid energy contract with minimal margin. Natural Gas Mini (250 mmBtu) requires the least margin in absolute terms but has higher volatility relative to its size.
BhaavBrief · MCX commodity intelligence · Data auto-updated with every site deploy from live MCX feed · Last updated 2026-07-21 00:17 IST
Prices are indicative. Verify live margins on your broker's SPAN calculator. Trading commodity futures involves significant risk of loss.