MCX shares zoom over 5% to 52-week high on SEBI Chairman’s comments, precious metal rally; all you need to know

This comes after SEBI Chairman Tuhin Kanta Pandey, at the 11th convention of CPAI, said that the market regulator is working with the RBI and IRDAI to enable participation of banks and insurance companies in the commodity derivatives market. Furthermore, the shares were further bolstered as precious metals, gold and silver, touched fresh record highs.

At around 2:39 pm, the stock was trading 4.76% higher at ₹10,798 per equity share.

The scrip has gained nearly 6% in the last week and more than 11% over the month. On a year-to-date basis, it has surged over 71%.

Here’s what SEBI Chairman said

Speaking at the 11th International Convention of the Commodity & Capital Participants Association of India (CPAI) on Saturday, December 20, Tuhin Kanta Pandey said SEBI is engaging with the Reserve Bank of India (RBI) and the Insurance Regulatory and Development Authority of India (IRDAI) to enable the participation of banks and insurance companies in the commodity derivatives market.

According to him, enhanced institutional participation will bring in higher liquidity, making the market more attractive for hedging purposes.

The market regulator is also planning to constitute a working group to review the non-agricultural commodity derivatives segment, he said, adding that the working group will be notified shortly.

Pandey said SEBI has already set up working groups to suggest measures to deepen the agriculture and commodity derivatives ecosystem. These expert groups are examining, among other aspects, whether the existing regulatory framework governing margins, position limits, and delivery and settlement mechanisms can be optimised without compromising market integrity.

He said the recommendations of these groups would help the regulator take necessary developmental measures.

Beyond institutional participation, Pandey highlighted the need to address taxation-related hurdles. He said SEBI will continue its engagement with the government to resolve Goods and Services Tax (GST) issues faced by market participants, particularly those seeking to receive or deliver commodities through exchange platforms.

"There are several GST-related challenges that need to be addressed. We will have to work closely with the GST Council Secretariat and the GST Council to resolve some of these critical issues to truly spur the development of commodity markets," he said, adding that this is especially important for both agricultural and non-agricultural segments, including gold.

Gold, silver rally to record high

On the MCX, gold futures for February delivery soared as much as ₹1,936 or 1.44% to a fresh record high of ₹1,36,132 per 10 grams. Similarly, the yellow metal contracts for the April expiry reached a lifetime high of ₹1,39,074 per 10 grams on Monday.

During the past week, the safe-haven metal (for February) had gained ₹574, or 0.43%.

Silver futures for March delivery zoomed as much as ₹6,144 or 2.95% to a lifetime high of ₹2,14,583 per kilogram on the MCX. White metal contracts for the May expiry touched a record high of ₹2,17,591 per kilogram.

First-ever stock split

This means stakeholders who hold shares of MCX as of the record date will be eligible to receive five equity shares with a face value of ₹2 each, fully paid-up, for every one equity share with a face value of ₹10 each that they own.

MCX has a total market capitalisation of ₹55,078.24 crore, as of December 22, 2025, according to data on the NSE.