Commexes turnover up 68% till Nov FY12

Driven by bullish bullion trading, the turnover of 23 commodity exchanges has risen 68.6% to Rs 122.33 lakh crore till November in the current fiscal, the Forward Markets Commission (FMC) has said.

Their turnover stood at Rs 72.56 lakh crore in the year-ago period.

Much of the business came from futures trading in gold, silver and some of the agricultural commodities, FMC said.

According to the data, the turnover from bullion trade rose more than two-fold to Rs 72,84,934 crore during the April-November period, from Rs 32,81,086 crore in the corresponding period of the 2010-11 fiscal.

The turnover from agricultural items rose by 50% to Rs 12,51,697 crore, from Rs 8,36,605 crore.

The business from energy items jumped 35% to Rs 19,02,042 crore during the review period, from Rs 14,11,620 crore in April-November, 2010-11.

The turnover from metals such as copper rose marginally to Rs 17,95,158 crore, from Rs 17,26,925 crore.

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.