MCX Shares Rise Over 3% As Additional Margin On Gold, Silver Futures Withdrawn

Shares of Multi Commodity Exchange (MCX) surged over 3 per cent on the NSE after it was announced that additional margins on gold and silver futures were withdrawn. The removal came into effect on February 19, 2026. MCX shares rose as much as 3.40 per cent in early trade on the NSE, trading at Rs 2,417.40 a piece at the day’s high. However, the shares retreated, ending at Rs 2,364 apiece, around 1 per cent up from their previous close.

In a circular on February 18, MCX had said that the additional 3 per cent margin across all gold futures, and the additional 7 per cent margin imposed on all silver future contracts will be removed. “Additional margin of 3 per cent levied in gold futures (all contracts of all variants) and 7 per cent levied in silver futures (all contracts of all variants) shall be withdrawn with effect from Thursday, February 19, 2026,” MCX said in the circular.

NSE Clearing also followed with a circular confirming the same, which came into effect on February 19, and advised members to adjust positions on the precious metals accordingly.

This decision to withdraw additional margin requirements on trading is expected to draw more traders on the commodity exchange while dealing with gold and silver contracts. Essentially, now traders will need less capital to execute trades on gold and silver contracts.

The lowering of margins could also boost speculative trading in the market, and thereby, lead to higher trading activity in a day. The exchange had earlier imposed the extra margins to discourage volatility in prices of gold and silver on the MCX.

How are the Financials of MCX

The stock of MCX recently announced its earnings for the quarter ending December 2025. The exchange reported an over 1.50 times rise in its consolidated net profit to Rs 401 crore during October-December, 2025, compared to Rs 160 crore earned in the year-ago period. Its net profit rose 103 per cent from Rs 197 crore on a sequential basis.

The operating revenue of the exchange during the third quarter of FY 2025-26, also saw an over two-fold rise to Rs 666 crore, up from Rs 301 crore a year ago. On a sequential basis, revenue from operations grew 78 per cent from Rs 374 crore for the quarter ended September 2025.

The exchange further said that during the third quarter of FY 2025-26, the bullion segment’s contribution to additional daily turnover rose to 69 per cent from the quarter ended September 2025. This was driven by the launch of variants, such as Gold Mini and Gold Ten futures.

Shares of MCX are listed both on the NSE and the BSE. The stock had hit a 52-week high on January 29, 2026, rising to Rs 2,705.