Due to a technical glitch, trading could not commence at MCX, the country's largest commodity exchange, on October 28, 2025. Trading for commodity contracts like crude oil, gold, and silver was repeatedly postponed. The exchange has now decided to initiate trading from its Disaster Recovery (DR) site.
MCX Technical Glitch: On Monday, October 28, commodity trading came to a halt at the Multi Commodity Exchange of India (MCX) due to a technical snag, causing inconvenience to traders of gold, silver, and crude oil. Trading, which typically begins at 9 AM, was initially postponed to 9:30 AM, then to 9:45 AM, and further to 10:00 AM, but even then, trading could not commence. The exchange has announced that trading will be initiated from its Disaster Recovery (DR) site after resolving the technical issue.
Trading Did Not Open From Morning
Typically, trading on MCX begins at 9 AM every business day. However, on Monday, when traders attempted to log in, they received a ‘Trading Delay’ message on the platform. The exchange initially announced that trading would start at 9:30 AM, then the time was extended to 9:45 AM, and subsequently to 10:00 AM. Despite this, the market did not open even by 10:20 AM. Several updates were issued on the website, pushing back the start time, but the problem could not be resolved.
What MCX Stated
MCX issued a statement on its website, saying, “Members are requested to note that due to a technical issue, trading today will commence at 9:30 AM. Trading will be conducted from the Disaster Recovery (DR) site. We regret the inconvenience caused.” However, trading could not begin even by 10:00 AM. Subsequently, the exchange released a new update, stating that trading was now expected to start from 10:30 AM.
MCX also clarified that they are preparing to initiate trading from their Disaster Recovery Site (DR Site) to minimize losses for investors. This DR site is an alternative system that helps keep trading operational in the event of a failure in the main server.
Growing Unease Among Traders
Traders in the commodity market are distressed due to the technical glitch. Particularly, investors who trade in volatile contracts such as crude oil, gold, and silver are facing significant losses. Many traders commented that they missed opportunities to capitalize on market fluctuations during the morning hours.
A trader from Mumbai stated, “We have been trying to log in since 9 AM, but the system is not working. Each time, a new time is announced, but trading isn't starting. If there are major price movements, it will affect our trades.”
What is the Cause of the Technical Glitch?
MCX has not yet clarified the exact cause of the system malfunction. Experts believe it could be a server-related technical issue. In recent months, MCX had initiated the process of upgrading its trading system, leading to speculation that a software or server error might have occurred during that period.
According to commodity market experts, such situations can lead to issues with data synchronization and connectivity. This affects the order matching system, necessitating a temporary halt to the market.
