Gold, Silver Boom Pushes MCX Shares Up 70% in 5 Months

The sharp rise in gold and silver prices has not only supported metal stocks but has also powered a strong rally in shares of Multi Commodity Exchange (MCX), India’s leading commodity derivatives exchange.

As precious metal prices hit record highs in early 2026, trading activity on MCX increased sharply, helping the stock deliver strong gains.

Stock Hits Fresh Record High

On January 16, MCX shares climbed 3.4% to touch a new all-time high of ₹2,499. The stock has now risen for four straight sessions and is up 12% so far in January.

Since September, MCX shares have jumped nearly 71%, making it one of the best-performing stocks in the capital market space. The stock has been trading on an ex-split basis (1:5) since January 2.

Strong Annual Performance Continues

Although MCX started 2025 on a weak note, the stock gained momentum in the later months and ended the year with a strong 79% return. This marks 3 consecutive years of positive annual performance for the company.

Rising Gold and Silver Volumes Drive Growth

The rally in MCX shares is mainly due to a sharp increase in gold and silver trading volumes. In 2025, gold prices rose by around 78%, while silver prices surged by 170% on the platform.

Higher participation from traders and investors looking to hedge, invest, or speculate has boosted expectations of stronger revenues for MCX.

Read More:Top Gold ETFs for 2026 Based on 1 Year Returns!

Conclusion

MCX shares have delivered strong gains as soaring gold and silver prices fuel higher trading activity. With bullion playing a bigger role in revenues and investor interest remaining strong, MCX continues to benefit from the ongoing precious metals rally.

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