MCX expiry dates are the last trading days of commodity futures and options contracts on the Multi Commodity Exchange (MCX), and they vary by commodity and contract type. In November 2026, Crude Oil options expire on 17 November and futures on 19 November. Natural Gas options expire on 20 November and futures on 24 November. The calendar below lists each option’s expiry next to its underlying futures expiry.
November 2026 MCX Options and Futures Expiry Dates
Source: MCX contract launch calendar, as listed in Groww’s November 2026 expiry calendar.
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December 2026 MCX Expiry Dates
December option dates for gold, Gold Mini, silver, Silver Mini and copper will be added here as soon as we verify them against MCX notices.
Upcoming MCX Futures Expiries by Commodity
MCX can revise expiry dates by circular, so confirm them in your broker’s app closer to the date.
MCX Expiry Rules by Commodity
If an expiry date falls on a weekend or a full trading holiday, the contract usually expires on the previous trading day. A partial holiday can still be an expiry day. On 24 November 2026, MCX’s morning session is closed for Guru Nanak Jayanti, but the evening session is open, so Natural Gas futures still expire that day. Our MCX holidays list shows which days are full or partial closures.
What Happens to Your Position at Expiry
Cash-settled futures: Crude oil and natural gas futures are settled in cash at a price linked to their US NYMEX benchmarks, converted to rupees. No barrels or gas change hands.
Physically delivered futures: Gold, silver and copper futures can end in delivery if you hold them into the tender period, and margins rise as expiry gets closer.
Options: An in-the-money option held to expiry normally turns into a futures position, unless the long holder submits a valid contrary instruction. Out-of-the-money options expire worthless.
Extra margin near expiry: Brokers can ask for futures margin before an option expires. On option expiry day, for example, Zerodha blocks 100% of the futures margin for NRML in-the-money long options.
Our MCX options trading guide explains how this conversion, called devolvement, works.
Holding an MCX option close to expiry? Check its payoff and breakeven in the AlgoTest Strategy Builder, and plan your exit before it can turn into a futures position.
Tender Period and Broker Cutoffs
The tender period is the window before expiry when delivery can be assigned on a physically delivered contract.
Gold and silver: For the gold and silver futures covered here, the staggered delivery period covers the final three trading days, including expiry day. MCX cut it from five days to three, phasing the change in by symbol through 2025 and 2026.
Copper: The tender period also covers the last three trading days, including expiry day.
Crude oil and natural gas: These are cash-settled, so there is no tender period.
For example, the December 2026 Gold Mini contract expires on 4 December, so its tender period runs from 2 to 4 December.
Brokers usually ask you to close delivery positions before the tender period starts. For the 4 September 2026 Gold Mini and Silver expiry, FYERS set a cutoff of 9:00 PM on 1 September. For the 5 November 2026 Gold Mini expiry, Zerodha set 10:30 PM on 2 November. Check your broker’s notice for each contract.
Source: MCX circular MCX/TRD/383/2025, Modification in Staggered Delivery Period in Commodity Futures Contracts.
What Time Do MCX Contracts Expire in India?
Traders often mean one of three different times:
Session close: The current non-agricultural MCX session runs from 9:00 AM to 11:55 PM IST until 12 March 2027. See MCX trading time for the full schedule.
Exchange expiry-day cutoff: Some physically delivered contracts stop trading early on expiry day. MCX’s notice for the April 2027 Gold Ten contract, for example, allows expiry-day trading only until 5:00 PM IST.
Broker margin deadline: Brokers set their own deadlines. Zerodha, for example, asks for futures margin on in-the-money options by 7:00 PM on option expiry day.
Past MCX Options Expiry Dates (2026)
Source: Zerodha’s monthly commodity option expiry bulletins.
Test How Your Strategy Behaves Near Expiry
Prices can move sharply in the last few days of a contract, as traders roll positions or close them before delivery. AlgoTest supports 10 MCX symbols across gold, silver, crude oil and natural gas, which our guide to MCX commodity trading on AlgoTest lists. MCX backtesting needs the MCX add-on on your AlgoTest plan.
The backtest report’s DTE (days to expiry) filter shows how your results change as expiry gets closer.
You can replay a past expiry in the Option Simulator for CRUDEOIL, GOLD, SILVER or NATURALGAS, minute by minute.
Backtest an MCX strategy and see how it performed in the days before expiry.
Plan Your Trades Around the Expiry Calendar
Mark the option and futures expiry dates for the contracts you trade, and add your broker’s cutoff for delivery contracts. Then decide your exit or rollover rule in advance, and test how it holds up across past expiries before you trade it live.
AlgoTest helps you move from an idea to a strategy you can inspect and test before deciding whether to deploy.
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Related Reading
FAQs
What is the MCX expiry date for crude oil this month?
In November 2026, Crude Oil and Crude Oil Mini options expire on 17 November and futures on 19 November. In December, options expire on 16 December and futures on 18 December.
When does MCX gold expire?
Gold and Gold Mini options expire on 27 November 2026, and their underlying futures expire on 4 December 2026. Gold (1 kg) futures expire on the 5th of February, April, June, August, October and December, and Gold Mini futures on the 5th of every month.
Do MCX Silver and Silver Mini options expire on the same day?
Their dates can differ. In November 2026, Silver Mini options expire on 23 November and standard Silver options on 27 November. Their underlying futures expire on 30 November and 4 December, respectively.
Why do MCX Natural Gas futures expire on 24 November 2026 if it is a holiday?
MCX closes its morning session for Guru Nanak Jayanti and opens for the evening session. The published November Natural Gas futures expiry is 24 November, and Natural Gas options expire on 20 November.
What time do MCX contracts expire?
It depends on the contract and your broker. The normal session runs until 11:55 PM IST in winter, some delivery contracts such as Gold Ten stop at 5:00 PM IST on expiry day, and brokers set their own earlier cutoffs.
Do MCX options expire before futures?
Yes. Crude oil and natural gas options expire two business days before their futures, and bullion and copper options expire before their futures enter the tender period.