The Multi-Commodity Exchange of India (MCX) and the National Commodity and Derivatives Exchange (NCDEX) were established in 2003, providing a robust platform for commodity trading in India. Initially regulated by the Forward Markets Commission (FMC), they came under the jurisdiction of the Securities and Exchange Board of India (SEBI) in 2016. Below is a comprehensive guide to the MCX holidays for 2024, along with essential details about MCX and NCDEX operations.
MCX Holiday Schedule for 2024
Here is a detailed list of holidays for MCX in 2024:
| National Holiday | Date | Day | Morning Session | Evening Session* |
| Republic Day | January 26 | Friday | Closed | Closed |
| Maha Shivaratri | March 08 | Friday | Closed | Open |
| Holi | March 25 | Monday | Closed | Open |
| Good Friday | March 29 | Friday | Closed | Closed |
| EID AL FITR | April 11 | Thursday | Closed | Open |
| Ram Navami | April 17 | Wednesday | Closed | Open |
| Maharashtra Day | May 01 | Wednesday | Closed | Open |
| Parliamentary Election | May 20 | Monday | Closed | Open |
| Bakri Id | June 17 | Monday | Closed | Open |
| Muharram | July 17 | Wednesday | Closed | Open |
| Independence Day | August 15 | Thursday | Closed | Closed |
| Mahatma Gandhi Jayanti | October 02 | Wednesday | Closed | Closed |
| Diwali-Laxmi Pujan ** | November 01 | Friday | Closed | Open |
| Gurunanak Jayanti | November 15 | Friday | Closed | Open |
| Christmas | December 25 | Wednesday | Closed | Closed |
*Morning session: 10:00 AM to 5:00 PM *Evening session: 5:00 PM to 11:30 PM/11:55 PM (for Agricultural Products with International Connections, evening session is 5:00 PM to 9:00 PM/9:30 PM) **Times for Muhurat trading will be announced by the exchange later.
About MCX and NCDEX
MCX (Multi Commodity Exchange of India)
MCX is a leading commodity exchange that primarily deals in metals and energy products, including gold, silver, and bullion. It was established in 2003 and is regulated by SEBI. The trading hours for MCX are:
- Morning Session: 9:00 AM to 5:00 PM
- Evening Session: 5:00 PM to 11:30 PM (summer) / 11:55 PM (winter)
NCDEX (National Commodity and Derivative Exchange Limited)
NCDEX specializes in trading agricultural commodities such as grains, oils, and oilseeds. Like MCX, it operates from Monday to Friday, with no trading on weekends and designated holidays.
Which month has the most MCX holidays in 2024?
April has the highest number of MCX holidays in 2024.
Can we trade MCX on Saturdays?
No, commodity trading is only conducted from Monday to Friday.
Is New Year's Eve a holiday on MCX?
No, New Year's Eve is not an MCX holiday.
Are weekends considered holidays for MCX?
Yes, MCX is closed for trading on Saturdays and Sundays.
Are there special trading hours on MCX holidays?
Generally, holidays either have the evening session open or are closed for the entire day. Regular timings apply unless specified otherwise.
Is MCX open 24 hours?
No, MCX operates from 9:00 AM to 11:30 PM during summer and 11:55 PM during winter from Monday to Friday.
What are the trading hours for MCX in 2024?
MCX trading hours in 2024 are from 9:00 AM to 11:30 PM (or 11:55 PM in winter) from Monday to Friday.
Will there be Muhurat trading on Diwali?
Yes, MCX will be open for Muhurat trading on Diwali, with specific timings announced closer to the date.