MCX Technical Glitch: The main website of Multi Commodity Exchange (MCX) is struggling with technical glitch in the morning of October 28. MCX informed its traders that the trading will take place on their Disaster Recovery site. Also, the trading time was set after 09.30 am, which is already a 30 minutes delay from the usual trading time of 09:00 am. Hence, trading in gold and silver has been delayed. Gold rates in India have been under pressure since Diwali.
MCX Technical Glitch:
On its website, MCX said, "Members are requested to note that The trading will start at 9:30 AM due to technical issue. Trading will start from DR. Inconvenience is regretted."
The new update came in at 11:49 am, where MCX said, "Update as on 11:49 AM - The commencement of trading is delayed due to a technical issue. Trading will start from DR site. The time of commencement of trading will be informed to market participants. Inconvenience is regretted."
MCX did not specify any reason for the current technical issue.
The current glitch is the second time this year at MCX. Earlier, in July 2025, MCX struggled with a similar technical issue. That time MCX started the full-fledged trading after 1-hour of delay at around 10:15 am from the initial time of 09:15 am. Also, the pr-market opening of 09:00 am was delayed.
MCX Share Price:
Following the glitch, MCX share price traded at Rs 9125 on BSE, at the time of writing, which was down by 1.97% with market cap of Rs 46,536.01 crore.
MCX has touched an intraday low of Rs 9177.65 apiece.
The last update on gold and silver that investors will find on MCX is of the closing price on October 27. MCX gold price with December 2025 expiry stood at Rs 1,21,043 per 10 grams, up by Rs 86 or 0.07%. Meanwhile, MCX silver price stood at Rs 1,43,600 per 1 Kg, up by Rs 93 or 0.06%.
Gold Price & Silver Price Outlook
According to Rahul Kalantri, VP Commodities, Mehta Equities, after a solid two-month rally, gold and silver prices came under heavy selling pressure last week, with the weakness extending into Monday's session as both metals slipped below key psychological levels - $4,000 for gold and $47 per ounce for silver. The decline is being driven by a stronger dollar index and renewed optimism over U.S. trade discussions with China and India. Sentiment was further influenced by the Gaza peace progress, leading to profit-taking across the board. However, rupee weakness support bullion prices at lower. Meanwhile, attention is turning to upcoming central bank meetings, with the Federal Reserve widely expected to deliver a 25 basis point rate cut following weak inflation data, while both the ECB and BOJ are anticipated to maintain steady policy stances.
He added, "Gold has support at $3940-3905 while resistance at $4055-4100. Silver has support at $46.10-45.55 while resistance is at $47.35-48.00. In INR gold has support at Rs1,20,570-1,20,180 while resistance at Rs1,21,650-1,22,000. Silver has support at Rs1,42,350-1,41,450 while resistance at Rs1,44,850, 1,45,780.''
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