Gold and silver investors have an important update. The trading hours of the Multi-Commodity Exchange (MCX) will change from March 9, giving traders additional time to trade. MCX announced the revised schedule through a circular, stating that trading in non-agri commodities will now continue later into the night. The decision has been taken to align with Daylight Saving Time (DST) in the US, and members and investors have been advised to plan their trades accordingly.
According to the new circular, trading for non-agricultural commodities such as gold, silver, crude oil and base metals will run from 9 am to 11:30 pm. Client Code Modification (CCM) for these contracts will be allowed from 9 am to 11:45 pm, giving investors more time to manage positions. Trading hours for select agricultural commodities like cotton will be from 9 am to 9 pm, while other agri commodities can be traded from 9 am to 5 pm.
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This update is significant for traders who monitor international markets, as US and European commodity markets remain active late into the night in Indian time. The extended hours will help Indian investors track global price movements more effectively. During DST, clocks in the US move forward by one hour, widening the time difference with India. MCX has implemented this change to ensure global market movements are accurately reflected in Indian trading.
The biggest impact will be on gold, silver and crude oil traders, as the prices of these commodities are directly influenced by global developments. Brokers and trading firms will also need to update their systems to reflect the new timings. The extended schedule will offer Indian investors more opportunities to benefit from global market fluctuations.