Commodity exchange MCX on October 28 said "investigation has been initiated" after technical after technical issue halted trading on the platform for over four hours. This is the longest-ever trading halt on MCX platform.
"Due to a technical issue at the Exchange, the commencement of trading on Tuesday, October 28, 2025, was delayed. Operations were shifted to the Disaster Recovery (DR) site, and trading started at 1.25 pm," said MCX in a stock exchange filing.
All trading systems are now functioning normally, said MCX.
"An investigation into the issue has been initiated on priority. We are committed to identifying the cause and implementing necessary corrective measures. Updates on our findings and actions taken will be shared in due course. We sincerely regret the inconvenience caused to market participants and appreciate their patience and understanding," MCX further said.
Trading on the commodities exchange has been delayed since 9:30 am due to a technical issue. This is the second time this year that India's biggest commodity exchange has faced such an issue.
At 1:30 pm on October 28, MCX shares were trading 1% lower at Rs 9,213 apiece.
On October 27, MCX launched monthly options contracts on the MCX iCOMDEX Bullion Index. The options contracts on this index will empower market participants with a versatile risk management tool, combining the benefits of diversified underlying assets with the flexibility of options trading, the company said in an exchange filing.
MCX BULLDEX is a dynamic and robust representation of the precious metals segment, constituted of the highly popular and liquid MCX gold and silver futures contracts, the company said.
"MCX BULLDEX, covering both Gold and Silver, offers a balanced exposure in the bullion segment to market participants – both investors and institutions alike, in a convenient and cost-effective manner that would meet both their investment and hedging requirements. Options on MCX BULLDEX aligns with MCX’s commitment to deepen India's commodity markets through product innovation, enhanced transparency, and investor-friendly offerings," said the company.
Ahead of October 28 delay, precious metals had already been under pressure. On October 27, December gold and silver futures closed sharply lower.
The weakness came after signs of easing trade tensions between the US and China, which dented safe-haven demand for bullion following which gold fell below the psychologically important mark of $4,000/oz.
An expected meeting between the two nations’ presidents to finalise a trade deal further cooled investor appetite for gold and silver.
However, global gold prices recovered slightly on early October 28, supported by a weaker dollar and expectations of more US Federal Reserve rate cuts.
MCX is primarily a venue to trade gold, silver, crude oil and base metal futures contract in India.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
