MCX records all-time high turnover of Rs 32,000 cr

Multi Commodity Exchange of India (MCX) today said that it has crossed the Rs 30,000-crore mark and clocked a record turnover of Rs 32,016.31-crore (single sided) ($6.39-bn) at the close of trading hours on March 19.

Bullion contributed a turnover of Rs 22,640.84-crore in which the gold segment clocked a record turnover of Rs 17,347.66-crore. Silver contributed Rs 5,293.18 crore, MCX said in a statement issued here.

Gold clocked Rs 15,180.72-crore, Gold Mini Rs 2,127.84 crore and Gold Guinea Rs 39.10-crore. Among the silver contracts, silver clocked a turnover of Rs 4,204.09-crore and Silver Mini post Rs 1,089.09-crore.

The total number of contracts traded were 8,27,408 (single sided) with total number of trades at 5,70,364. More than 35,000 clients represented by around 1,000 members participated. The previous highest turnover was recorded at Rs 29,887.23-crore on September 18, 2008, the release said.

"The exchange has witnessed a steady rise in turnover since the last year. Consistent growth in volumes coupled with broad-based participation from our pan-India network is a result of our consistent approach of using education as a tool for reaching out to all neutral users across the country," MCX's MD & CEO Joseph Massey said.