Commexes turnover jumps 73% in Apr-Oct

Driven by strong trade in bullion, the turnover of 23 commodity exchanges rose by 73% to Rs 106.37 lakh crore till October in this fiscal.

Their turnover stood at Rs 61.62 lakh crore in the corresponding period last year.

Much of the business came from futures trading in gold, silver and agri-items such as guar seed and chana.

According to data available with sectoral regulator Forward Markets Commission, the turnover from bullion rose more than two-fold to Rs 64.24 lakh crore during the period under review from Rs 27.14 lakh crore in the year-ago period.

The turnover from agricultural items rose by 53% to Rs 10.84 lakh crore from Rs 70.62 lakh crore.

Similarly, business from energy items increased by 29% to Rs 15.85 lakh crore.

Futher, the turnover from metals like copper has risen marginally to Rs 15.45 lakh crore from Rs 15.11 lakh crore in the same period a year ago.

There are five national-level and 18 regional commodity exchanges in the country. The commodity futures market did business worth Rs 119.48 lakh crore in 2010-11.