Comment on MCX - Profit/Loss for every 1 Rs change
Silver MIC is a 1 kg contract. So if the current price is 34156 for a Kg, you will need only around 5 to 6% or Rs 1800 to buy/sell this contract. Check this list: https://zerodha.com/margin-calculator/Commodity/.
If you are just getting started, I’d advise you to read through futures module on Varsity first: http://zerodha.com/varsity/