MCX Hikes Silver Options Strike Price Interval to Rs 1,000 Amid Volatility

• MCX increased the strike price interval for Silver and Silver Mini options contracts to Rs 1,000 from Rs 250, effective January 29, 2026.
• The revision applies to both running and future contracts, aligning with MCX rules and updated contract specifications.
• The change addresses the impracticality of a Rs 250 interval given silver's current trading price near Rs 4,00,000, up from Rs 75,000 when options were introduced.
• This move aims to help MCX manage sharp price volatility, ensuring active and tradable strike prices are available even during sudden price spikes.
• Silver prices recently surged past Rs 4 lakh per kilogram, with the fastest Rs 1 lakh per kg rise ever recorded in just 10 days.

Why It Matters: MCX increased silver options strike price interval to Rs 1,000 to manage volatility and reflect higher silver prices.