MCX Trading Halted on July 23 Due to Technical Glitch: What Happened

MCX Faces Technical Glitch, Halts Trading for Nearly an Hour on July 23

Mumbai | July 23, 2025 — India’s largest commodity derivatives exchange, MCX (Multi Commodity Exchange), faced a major technical glitch this morning that halted trading across all major segments for nearly 45 minutes.

The issue began shortly after market open at 9:00 AM IST. Traders were unable to place orders or access live prices. Key commodities like gold, silver, crude oil, and natural gas were all affected. MCX informed that trading will resume around 9:45 AM aand later 9:45 AM, it extended till 10:10 AM but did not share the exact cause of the glitch.

What Happened?

According to brokers and traders, the MCX system went unresponsive soon after opening. Live prices stopped updating, and most users couldn’t place or modify orders. Some even reported log-in issues.

The glitch disrupted all major segments, including:

• Precious metals (Gold, Silver)
• Energy (Crude Oil, Natural Gas)
• Base metals (Zinc, Copper, Aluminum)

MCX later issued a short statement saying the issue was resolved and normal trading had resumed.

Impact on Traders

The sudden halt affected intraday traders the most. Many missed out on key price movements during the morning session, especially in volatile commodities like crude oil and gold.

Businesses using MCX for hedging also couldn’t manage their positions during the outage, increasing their risk. Some traders even shifted temporarily to the NCDEX platform, though it doesn’t cover all MCX-traded commodities.

Market Reactions

Traders expressed frustration on social media, demanding more transparency from MCX. Many said such glitches hurt their confidence in the exchange’s systems.

“This isn’t just an inconvenience—it causes real losses,” said a commodity trader from Delhi.

What Could Be the Cause?

MCX has not revealed the exact reason for the disruption. However, early reports suggest it might be a server or software issue. Experts say even minor technical failures can crash trading systems that handle millions of transactions daily.

Will SEBI Step In?

Since MCX is regulated by the Securities and Exchange Board of India (SEBI), the exchange may have to submit a report detailing the cause and how it plans to prevent future issues. SEBI could also push for stronger system checks and disaster recovery rules.

What’s Next for MCX?

MCX says it’s looking into the issue and will take steps to strengthen its systems. But traders and brokers are calling for more than just quick fixes—they want better communication, faster recovery plans, and strong backups in place.

Today’s MCX glitch may have lasted less than an hour, but it exposed the risks of digital-only trading systems. In a fast-moving market, even short downtimes can cause big losses. Going forward, MCX must act quickly to rebuild trust and ensure such problems don’t happen again.

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