Bullions trade continued ruling Indian commexes as the recent
data provided by the Forward Markets Commission (
) for the fortnight ended 31st August, 2010 showing a phenomenal
124% growth over the corresponding period last year.
The total value of bullions trades on the commodity exchanges in
India during last fortnight in August, 2010 was registered at
Rs.1,94,164.41 core, up 123.94% against Rs.86,699.43 crore
registered during the same period last year.
Meanwhile, the cumulative growth in the value of bullions trade
was seen at 85.83% to Rs.18,69,628.08 crore up from Rs.10,06,107.79
On Multi Commodity Exchange (MCX), 5th August 2010, 5th October
2010, 4th December 2010, 5th Feb 2011 & 5th April 2011
contracts were traded at the Exchange during the fortnight. The
near month contract (i.e. 5th October 2010) was quoted at its
highest at Rs.19147.00 per 10 gm on 31.08.2010 and at its lowest at
Rs.18540.00 on 18.08.2010 during the fortnight, the FMC data
During the fortnight, the total value of trade in all varieties
was Rs.99,139.339 Cr. The net open position in the near month
contract was at its highest at 20217 Kg on 19.08.2010.
On the other hand, the total turnover of 23 commodity bourses,
national and regional taken together, was seen at Rs.9,04,686 crore
in August, up 49.38% this year, despite low business recorded
during the month at the leading exchanges, MCX and NMCE, the FMC
stated in its summery.
The turnover of all the bourses amounted to Rs.6,05,610 crore in
August last year, the official statement said.
Total business of four national and 19 regional commodity
bourses increased significantly last month, although turnover at
two leading commodity exchanges MCX and NMCE fell by 8.63% and
51.5% respectively, the analysis of the FMC data showed.
The country's largest commodity bourse, MCX showed decline in
the turnover by 8.63% to Rs.4,46,167 crore in August, from
Rs.4,88,314 crore in the same period last year.
Meanwhile, National Multi-Commodity Exchange (NMCE), the third
biggest commodity bourse in India clocked a turnover of Rs.8,709
crore last month showing a decline of 51.5% from Rs.17,979 crore in
the year-ago period.
However, National Commodities & Derivatives Exchange
(NCDEX), the country's second biggest agri-commodity bourse saw its
turnover rising by 10.7% to Rs.1,03,186 crore from Rs.93,211 crore