MCX to advance metals, energy trade close timing

Multi Commodity Exchange, the largest commodity exchange by turnover, will advance the closing of metals and energy trades to 11.30 pm from 11:55 pm effective March 14.

The new timings will be applicable for trades from Monday through Friday, the exchange said in a statement. The changes were made to be in line with the US daylight saving time. Most of the metals and energy futures in India, the world's biggest buyer of bullion and third biggest exporter of iron ore, track overseas markets.