The Multi Commodity Exchange of India (MCX), the country's largest commodity derivatives exchange, has faced a significant technical glitch, leading to a delayed start to trading activities today, October 28, 2025. Initially scheduled to open at the regular time of 9:00 AM, trading was first postponed to 9:30 AM. However, the technical issues persisted, resulting in a further delay. The exchange has now announced that trading is expected to commence at 10:30 AM.
In a statement posted on its website at 10:11 AM, MCX informed its members of the revised start time, citing an ongoing technical issue. The exchange also stated that trading would commence from its Disaster Recovery (DR) site. The DR site is a backup infrastructure designed to ensure business continuity during disruptions at the primary site. MCX has not yet released specific details regarding the nature of the technical glitch.
This is not the first time MCX has experienced such technical difficulties. A similar incident occurred in July of this year, when a technical glitch caused a delayed market opening. On that occasion, trading was initially slated to resume at 9:45 AM, but the resumption time was later revised to 10:10 AM before operations finally began at 10:17 AM. In February of last year, MCX also faced a major glitch that led to a four-hour suspension of operations, believed to be related to the transition to a new trading platform.
The repeated technical issues raise concerns about the robustness of the exchange's technological infrastructure. Market participants are advised to monitor official MCX communications and prepare for potential volatility when trading resumes.
The delay has several implications for traders, investors, and the broader commodity market. Traders are unable to execute trades or manage existing positions. The disruption also affects market liquidity and price discovery for commodities traded on the MCX. Businesses that rely on MCX for hedging purposes may also face challenges.
The disruption comes as gold and silver prices slipped on Monday, tracking easing U.S.-China trade tensions. On Monday, the December gold futures contract closed at Rs 1,20,957 per 10 grams, down 2.02%, while December silver futures fell 2.78% to Rs 1,43,367 per kilogram.
While the exchange works to resolve the technical issues, market participants are eagerly awaiting the resumption of trading. The incident underscores the importance of robust technological infrastructure in modern financial markets, and regulators and market participants may scrutinize the incident to prevent similar occurrences in the future.
