MCX turnover rises despite payment crisis in a group company

On Friday, gold and silver prices were down by Rs 1,000 per 10g and Rs 2,000 kg respectively

Despite controversies surrounding around Multi Commodity Exchange (MCX) for the ongoing payment crisis at its group company National Spot Exchange Ltd (NSEL), the turnover of the MCX has risen sharply in the last few days. The turnover has doubled in the last three days from Rs 29,647 crore on Monday to Rs 61,211 crore on Wednesday. While the turnover on the National Commodity & Derivatives Exchange (NCDEX) marginally gone up from Rs 5,101 crore to Rs 5,798 crore, National Multi Commodity Exchange (NMCE) cloaked a decline in its business from Rs 1,106 crore to Rs 944 crore in the ...