Commexes turnover soars by 58% till July 15 this fiscal

Driven by increased trade in bullion and metals, the total turnover of commodity exchanges in the country surged by 58 per cent to Rs 28,71,202 crore till July 15 in the current fiscal, according to the Forward Markets Commission (FMC).

The turnover of the bourses was Rs 18,15,807 crore in the same period last year, it said.

"Right now, much of the business is coming from increased participation in the futures trade of gold, silver and other metals," FMC Chairman B C Khatua told PTI.
    
In metals, trading in copper and zinc pushed up the turnover at exchanges more than two-fold to Rs 7,30,949 crore during the period under review against Rs 3,58,937 crore in the same period last year.
    
Higher participation in gold and silver increased the total business in the bullion segment by 76 per cent to Rs 13,17,449 crore. The turnover from farm commodities rose by 12.6 per cent to Rs 3,00,603 crore, while that from energy segment by 18.6 per cent to Rs 5,22,190 crore in the period.
    
Khatua said, "The total turnover of the commodity bourses in the current fiscal would cross Rs 100,000,000 crore."
    
National level commodity exchanges MCX, NCDEX, NMCE and ICEX together did a business of Rs 17,88,687 crore during the period, FMC said.
    
Currently, there are four national and 19 regional exchanges. Bullion and metals are largely traded on the MCX platform, while agricultural items on the NCDEX.