Zerodha MCX Trading hours Commodity

Zerodha MCX trading hours

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Zerodha MCX trading hours are the session hours for commodity contracts on the Multi Commodity Exchange accessible via Kite . MCX has both a morning and an evening session, with the evening reflecting international commodity-market hours.

Session timings

SessionTime (IST)Commodities
Morning09:00 to 17:00All MCX commodities
Evening17:00 to 23:30 (23:55 on DST-shifted days)Gold, silver, energy, base metals (international reference)

The morning session covers all commodities. The evening extends only for bullion, energy, and base metals; agri commodities trade only in the morning.

Why the evening session

The evening session aligns with active international commodity-market hours:

  • NYMEX (New York Mercantile Exchange): trades NYC time.
  • COMEX (Commodity Exchange): same.
  • LME (London Metal Exchange): London hours.

By extending into the IST evening, MCX captures price discovery during these international sessions, particularly important for:

  • Gold (international price linked).
  • Silver (same).
  • Crude oil (NYMEX WTI reference).
  • Natural gas (NYMEX reference).
  • Base metals (LME / COMEX reference).

DST adjustments

US Daylight Saving Time (DST) starts and ends shift the international session hours. MCX adjusts its evening-session end-time accordingly:

  • US DST in effect (March-October typically): MCX evening ends 23:30 IST.
  • US DST not in effect (November-March typically): MCX evening ends 23:55 IST (extending to capture the later international close).

Check the MCX trading hours notification for current details.

Agri-commodity exception

Agri commodities (cotton, mentha oil, castor, cardamom, etc.) trade only in the morning session:

  • Active hours: 09:00 to 17:00.
  • Evening: Closed.

This reflects the agri-market reality (no late-evening international price reference).

Holidays

MCX follows the broader Indian exchange holiday calendar with some commodity-specific adjustments:

  • Most major Indian holidays close MCX.
  • Some commodity-specific events (e.g., USDA reports, OPEC meetings) may affect liquidity but not session timings.
  • Muhurat trading on Diwali typically includes an MCX special session.

See Zerodha holiday list 2026 for the full calendar.

Settlement

MCX uses daily MTM (mark-to-market) settlement during the session:

  • Profits credit; losses debit.
  • Margin requirements update continuously.
  • On expiry day, final settlement happens at the contract’s last traded price or settlement price.

For physical-settlement-eligible contracts (gold mini, silver mini, etc.), expiry-day delivery flow follows MCX’s clearing process.

Margin

SPAN + Exposure margin is required for all MCX positions. For MCX gold and other high-notional commodities, margins can be substantial.

Pledge-based collateral can fund MCX margin like F&O margin (subject to the 50:50 cash component rule).

From Zerodha Kite

For Zerodha clients with the commodity segment active:

  1. MCX contracts appear with the MCX exchange tag in the marketwatch.
  2. Orders placed during 09:00 to 17:00 (or to 23:30 / 23:55 for eligible commodities) execute normally.
  3. Outside session, orders queue for next session.

For adding contracts: How to add MCX F&O to the marketwatch .

Effect of weekend on positions

NRML MCX positions held over the weekend incur 2-3 days of theta (time decay for options) and price-action exposure (futures). Plan position size accordingly.

Liquidity by time of day

TimeTypical activity
09:00 to 10:30 (morning open)Moderate; Indian retail flow
10:30 to 17:00 (morning continuous)Mid; institutional + retail
17:00 to 22:00 (early evening)Higher; international flow joins
22:00 to 23:30 (late evening)Variable; US-driven flow

For most active retail strategies, the morning session is the primary window; the evening session adds liquidity for international-linked contracts.

See also

External references

References

  1. MCX India, Trading hours by segment and commodity, mcxindia.com.
  2. SEBI, Commodity derivatives segment regulations, sebi.gov.in.
  3. Zerodha Support, MCX trading hours on Kite, support.zerodha.com.

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The WebNotes Editorial Team covers Indian capital markets, payments infrastructure and retail investor procedures. Every article is fact-checked against primary sources, principally SEBI circulars and master directions, NPCI specifications and the official support documentation published by the intermediary in question. Drafts go through a second-pair-of-eyes review and a separate compliance read before publication, and revisions are tracked against the SEBI and NPCI rule changes referenced in the methodology section.

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