MCX contract reference

MCX Silver Contracts 2026: Lot Size, Tick Value & Contract Value

Reviewed by BhaavBrief Editorial Desk · 30 September 2026 · Market data timestamp: 2026-09-30 22:24 IST

Short answer: The standard MCX Silver futures contract represents 30 kg and is quoted in rupees per kilogram. A ₹1 move in the quoted price changes one standard lot by ₹30. Contract specifications, listed expiries and margins can change, so use the exchange contract page and your broker’s margin screen before placing an order.

How to read an MCX Silver quote

MCX Silver is quoted as ₹ per kilogram, while the standard futures lot is 30 kg. The notional value is therefore the displayed futures price multiplied by 30. This is the amount whose price movement drives profit and loss; it is not the same as the margin blocked by the broker.

For example, a ₹100/kg move changes the standard-lot value by ₹3,000 (₹100 × 30 kg). The direction of the position determines whether that change is a gain or loss. This is an illustration of contract arithmetic, not a view on silver prices.

Lot size, tick size and margin are different

Lot size tells you the quantity in one contract. Tick size is the smallest quoted price change. Tick value is the rupee effect of one tick across that lot. Margin is collateral set through the exchange risk framework and broker policy; it changes with volatility and is not a fixed percentage promised by this page.

If a smaller silver contract is listed by MCX, read its individual contract specification rather than scaling the standard contract from memory. Contract symbols, expiry calendars and delivery rules should be verified from the current exchange circular or contract page.

What to check before expiry

Futures are time-bound contracts. Confirm the selected expiry, liquidity and delivery rules before holding a position near expiry. If you intend to maintain exposure beyond the selected month, the relevant comparison is the live spread between the near and next contracts, not a generic historical rollover estimate.

BhaavBrief’s live markets page is useful for price context; the exchange remains the source of record for contract specifications and delivery obligations.

Related BhaavBrief tools and guides

MCX lot sizesCompare quote units and lot sizes across major MCX contracts.Live MCX Silver contextSee the current Silver market page and benchmark context.MCX Silver optionsOpen the Silver futures-options analytics surface.

Frequently asked questions

What is the MCX Silver standard lot size?

The standard MCX Silver futures contract represents 30 kg. Confirm the active contract specification on MCX before trading because exchange specifications can change.

How much does a ₹1 move in MCX Silver affect one standard lot?

Because the standard lot is 30 kg and Silver is quoted per kilogram, a ₹1/kg move changes the standard-lot value by ₹30.

Is contract value the same as margin?

No. Contract value is price multiplied by lot size. Margin is collateral required by the exchange and broker and can change with volatility.

Sources and editorial policy

Contract quantity and quote convention should be verified against the current MCX Silver contract specification.

Primary reference: MCX contract information. BhaavBrief is not SEBI registered and this page is educational, not investment advice. See our methodology.