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Access India's largest commodity derivatives exchange. Trade gold, silver, crude oil, natural gas and base metals with an extended session that runs until late night — so you can react to global price moves in real time.
The Multi Commodity Exchange of India (MCX) is the country's largest commodity derivatives exchange. Founded in November 2003 and headquartered in Mumbai, it lets traders buy and sell futures and options contracts on physical commodities — without ever handling the underlying goods.
MCX has been regulated by the Securities and Exchange Board of India (SEBI) since September 2015, bringing commodity derivatives under the same regulatory umbrella as equities. Today it hosts more than 50 commodities across bullion, energy, base metals and agriculture.
What makes MCX distinctive is its extended evening session. Global commodity benchmarks — gold and silver on COMEX, crude oil on NYMEX, copper and zinc on the LME — keep moving during US and European hours, which fall in the Indian evening. MCX stays open until 11:30 PM IST so Indian traders can respond to that price discovery as it happens, rather than waiting for the next morning.
Four core segments cover the commodities that matter most to Indian traders.
Precious metals — the backbone of MCX volumes, with standard, mini and micro contracts.
Crude oil and natural gas, priced off NYMEX and Henry Hub — highly liquid in the evening session.
Industrial metals aligned with LME benchmarks, used by both hedgers and speculators.
Select agricultural commodities plus MCX's commodity indices for broad exposure.
The exchange sets a fixed lot size, tick size and expiry for every contract. Here are the most actively traded ones.
| Commodity | Lot Size | Price Quote | Tick Size | Settlement |
|---|---|---|---|---|
| Gold GOLD | 1 kg | ₹ per 10 g | ₹1 | Physical |
| Gold Mini GOLDM | 100 g | ₹ per 10 g | ₹1 | Physical |
| Silver SILVER | 30 kg | ₹ per kg | ₹1 | Physical |
| Silver Micro SILVERM | 5 kg | ₹ per kg | ₹1 | Physical |
| Crude Oil CRUDEOIL | 100 barrels | ₹ per barrel | ₹1 | Cash (NYMEX WTI) |
| Crude Oil Mini CRUDEOILM | 10 barrels | ₹ per barrel | ₹1 | Cash (NYMEX WTI) |
| Natural Gas NATURALGAS | 1,250 mmBtu | ₹ per mmBtu | ₹0.10 | Cash (Henry Hub) |
| Copper COPPER | 2.5 MT | ₹ per kg | ₹0.05 | Cash (LME) |
You trade on margin — typically around 9–15% of the full contract value — not the whole amount upfront. Mini and Micro contracts control a smaller quantity, so they need proportionally less capital and suit newer traders.
MCX runs Monday to Friday in two sessions — and, unlike the stock market, it does not close at 5 PM.
The main daytime window for metals and energy. A pre-open order-modification session runs from 8:45–8:59 AM.
The globally-linked window. Extends to 11:55 PM during US daylight-saving months, when crude oil and bullion are most active.
All times are IST, Monday to Friday. MCX is closed on Saturdays, Sundays and declared exchange holidays. Evening timings shift twice a year to track US daylight-saving changes.
A near-15-hour trading day lets you act on US and European commodity moves the same evening they happen.
Gold, silver and crude oil are among the most heavily traded contracts in India — tight spreads, easy entry and exit.
Commodity derivatives on MCX fall under SEBI oversight, the same regulator that governs India's equity markets.
Mini and micro contracts mean you can start with modest capital, then scale into standard lots as you grow.
Post a fraction of contract value as margin to control a full position — amplifying both gains and risk.
MCX prices track international benchmarks (COMEX, NYMEX, LME), giving direct exposure to world commodity trends.
Register and complete KYC. Choose the account tier that fits your capital and trading style.
Deposit funds, then pick a commodity and lot size — start small with a Mini or Micro contract if you're new.
Go long or short on margin, set your stop-loss and target, and manage the position through the session.
Open your account and access gold, silver, crude oil and more with institutional execution.
Contract specifications, lot sizes and trading hours are set by the exchange and may be revised — always confirm the latest details from official MCX circulars before trading. Commodity derivatives carry a high level of risk due to leverage and can result in the loss of your entire capital. This page is for general information only and does not constitute investment advice. Trade only with money you can afford to lose.
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