The Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) has issued a circular notifying Clearing Members about the acceptance of silver bars refined by an additional domestic refiner under the Exchange’s Good Delivery norms. The notification has been issued in accordance with the Rules, Bye-Laws and Regulations of MCXCCL.
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The circular refers to Multi Commodity Exchange (MCX) Circular No. MCX/PMT/415/2026 dated July 17, 2026, titled “Acceptance of Silver bars refined by Empanelled Domestic Refiner as per MCX Good Delivery Norms in all Silver futures contracts.”
According to the circular, the Exchange has added one domestic refiner for the acceptance of silver bars. MCXCCL clarified that this empanelment is both refinery-specific and product-specific.
Parker Precious Metals LLP Added to the Good Delivery List
The newly empanelled refinery is:
- Refinery Name: Parker Precious Metals LLP
- Address: 50/B Changodar Industrial Estate, Changodar Bavla Road, Changodar, Ahmedabad, Gujarat – 382213
The refinery has been approved for the following Exchange Good Delivery products:
- Silver (30 kg) – SILVER
- Silver Mini (5 kg) – SILVERM
- Silver Micro (1 kg) – SILVERMIC
- Silver 100 (100 grams) – SILVER100
Eligible Silver Bars for Delivery
MCXCCL stated that silver bars produced by Parker Precious Metals LLP will be considered Exchange Good Delivery for fulfilling delivery obligations in the following futures contracts:
- Silver (30 kg)
- Silver Mini (5 kg)
- Silver Micro (1 kg)
- Silver 100 (100 grams)
Effective Date
The changes announced in the circular will become effective from July 27, 2026. Additionally, the updated Good Delivery list will apply only to silver bars carrying a production date of July 17, 2026, or later.
MCXCCL has requested all Members and their respective constituents to take note of the changes.
FAQs
1. What is the latest MCXCCL announcement regarding silver bars?
MCXCCL has announced the acceptance of silver bars refined by Parker Precious Metals LLP as Exchange Good Delivery for eligible silver futures contracts under the revised Good Delivery norms.
2. Which refinery has been added to the MCX Good Delivery list?
The Exchange has empanelled Parker Precious Metals LLP, located at 50/B Changodar Industrial Estate, Changodar Bavla Road, Changodar, Ahmedabad, Gujarat – 382213, for specified silver products.
3. Which silver products are covered under the new approval?
The approval covers Silver (30 kg), Silver Mini (5 kg), Silver Micro (1 kg), and Silver 100 (100 grams), making these products eligible for delivery in their respective MCX silver futures contracts.
4. When will the revised Good Delivery norms take effect?
The updated Good Delivery list will become effective from July 27, 2026. However, only silver bars with a production date of July 17, 2026, or later will qualify under the revised norms.
5. What does the new MCXCCL circular mean for market participants?
The circular notifies Clearing Members and their constituents that silver bars from the newly empanelled refinery can be used to meet delivery obligations in the specified MCX silver futures contracts, subject to the stated eligibility conditions.
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