MCX has issued a circular announcing a change in the strike price interval for Silver and Silver Mini options contracts.
Effective January 29, 2026, the strike interval will be increased from ₹250 to ₹1,000. The revision applies to both existing series and all upcoming contracts.
Revised Strike Intervals
| Contract Type | Lot Size | Previous Interval | New Interval |
|---|---|---|---|
| Silver | 30 Kg | ₹250 | ₹1,000 |
| Silver Mini | 5 Kg | ₹250 | ₹1,000 |
All currently listed ₹250-interval strikes will remain active until expiry. No existing contracts are being discontinued.
What This Means for Traders
By widening the strike interval to ₹1,000, MCX is effectively reducing the number of listed option strikes. The intention is to:
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Concentrate trading activity into fewer strikes
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Improve liquidity at active price levels
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Simplify the option chain
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Enhance price discovery
A tighter, more liquid options chain typically results in better spreads and more efficient execution for participants.Please find the circular here