Bullion Ka Blast Aur MCX Ka Girna
MCX ka pura business hi gold aur silver jaise precious metals ke trading volumes par depend karta hai. Lagbhag 78% tak ka futures turnover inhi se aata hai. Jab sona aur chandi ke bhaav tezi se fluctuate hote hain, toh seedha MCX ke performance par asar padta hai.
Abhi kya hua ki pichle kuch trading sessions mein silver futures 25% tak aur gold futures 9% tak gir gaye the. Aur fir Sunday ko, Budget Session ke beech ek special trading session mein, MCX ke shares 17% tak tut gaye. Ye shares ₹2,706 ke record high se girkar ₹2,198 par band hue. Sona futures 6% girkar ₹1,43,205 per 10 gram aur silver futures bhi 6% girkar ₹2,74,410 per kg par aa gaye.
Yahi nahi, global market mein bhi COMEX silver 14% se zyada girkar USD 99.77 an ounce aur gold USD 5,000 an ounce ke neeche chala gaya. Saara commodity market hi thoda bearish ho gaya tha.
Global Factors Ka Bhi Hath
Ek aur reason tha, US President ne Kevin Warsh ko Fed Chair nominate kiya. Isse U.S. dollar strong hua aur investors gold-silver jaise safe-haven assets se hatne lage. Warsh ka hawkish stance inflation ko lekar market mein uncertainty la raha tha, jisne traders ko metal positions unwind karne par majboor kiya.
Is situation ka asar sirf MCX par nahi hua, baki metal stocks bhi gire. Hindustan Copper 14% se zyada, Hindustan Zinc 11%, NALCO 10% aur Vedanta 5% se zyada neeche aaye.
MCX Ki Asli Taakat
Par ek achi baat ye hai ki is stock price crash ke baavajood, MCX ki Q3 FY26 results bahut zabardast rahi. Company ne consolidated net profit mein 150.65% ki badhotri dikhate hue ₹401.12 Crore kamaye. Revenue from operations bhi 121% badhkar ₹666 Crore ho gaya.
Avg Daily Turnover Futures aur Options mein 224% badha, jisme bullion aur energy contracts ka bada hath tha. January 30, 2026 tak MCX ki market cap lagbhag ₹64,384 Crore thi aur P/E ratio 68.69 tha. Aur haan, bullion, base metals aur energy contracts mein MCX ka market share 99% se bhi zyada hai.
Analysts Kya Keh Rahe Hain?
Experts ka kehna hai ki MCX shares mein ye girawat market ke dar ki wajah se hai, company ke fundamentals kharab nahi hue hain. MCX ka almost monopoly position aur strong financial health abhi bhi intact hai. Jab precious metals ke prices stable honge ya trading volumes wapas badhenge, toh stock recover kar sakta hai. Filhaal thoda pressure rehne ki ummeed hai kyuki bullion volumes par dependence aur global uncertainties abhi bhi hain.