MCX Share Price Down 15% as Investors Take Profits Ahead of Budget

Multi Commodity Exchange share price (NSE: MCX) dropped 14.9% on the BSE, touching a low of ₹2,146.25. At 9:23 AM, the stock was down 10% at ₹2,272.5, while the Sensex edged slightly higher by 0.01% to 82,276.15. The fall comes ahead of the Union Budget 2026, scheduled for today.

MCX share price have surged 101% in the past year, outperforming the Sensex, which fell 3.4%. 

Gold and Silver Slide Fuels Pressure

Gold April futures fell 8.76% to ₹1,39,000 per 10 grams, and silver March futures dropped 9% to ₹2,65,652 per kg. Prices started declining last week after hitting record highs, influenced by Kevin Warsh’s nomination as the next US Federal Reserve Chair, raising expectations of higher interest rates and a stronger US dollar.

MCX Gold futures slipped toward ₹1,36,000, signaling profit-taking and long liquidation. Silver futures showed extreme volatility, falling from record highs near ₹4,20,000 to around ₹2,84,000. 

Also Read: Union Budget 2026: Traditions, Timings and Interesting Facts You Should Know!

MCX Adjusts Margin Rules

To manage risk, MCX raised margin requirements for bullion commodities, 20% for gold and 25% for silver, with a maximum cap of ₹400 crore per member. The total valuation cap for all commodities, including ETFs, is set at ₹600 crore.

Conclusion

The MCX sell-off highlights the risks of investing in high-volatility commodities. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.