The Multi-Commodity Exchange of India Ltd. (MCX) on July 17, 2026, issued a circular regarding the acceptance of Silver bars refined by Empanelled Domestic Refiner as per MCX Good Delivery Norms in all Silver futures contracts.
The following has been stated:-
•The MCX has added Parker Precious Metals LLP as an empanelled domestic silver refiner under its revised Good Delivery Norms, in line with SEBI guidelines.
•Silver bars refined by the empanelled refinery will be accepted for delivery settlement across all MCX Silver futures contracts, subject to refinery- and product-specific approval.
•The change applies to Silver (30kg) contracts from September 2026 expiry, Silver Mini and Silver Micro from August 2026 expiry, and Silver100 from July 2026 expiry.
•The circular will come into effect on July 27, 2026.
[Circular No: MCX/PMT/415/2026]
