MCX Revises Good Delivery Norms for BIS Standard Gold & Silver

Mumbai, May 18 : The Multi Commodity Exchange of India Ltd. has announced a revision to its Good Delivery Norms for BIS-standard gold and silver, aimed at strengthening participation from domestic silver refiners and enhancing market efficiency.

The Exchange had earlier introduced the MCX Good Delivery Norms for BIS-standard gold and silver through its circular dated April 11, 2022. In its latest update, MCX has refined the eligibility criteria and revised the empanelment procedure for domestic silver refiners under the Good Delivery framework.

This revision is intended to facilitate greater participation of domestic silver refiners on the MCX platform, thereby improving liquidity, standardisation, and transparency in the precious metals market.

MCX has invited eligible domestic silver refiners to apply for empanelment under the revised Good Delivery Norms for domestic gold and silver refiners, as outlined in Annexure I of the updated guidelines.