Despite the government?s ban on futures trading on eight agricultural commodities and downturn in stock market, the turnover on the country?s biggest commodity exchange Multi-Commodity Exchange (MCX) witnessed a record turnover of more than Rs 28,000 crore on Tuesday.
The exchange recorded previous highest turnover of Rs 27,740 crore on March 5. On Tuesday it recorded a turnover of Rs 28,058 crore. The average daily turnover of MCX is in the range of Rs 15,000 crore to Rs 17,000 crore. Sector-wise bullion recorded a turnover of Rs 17,134 crore while energy and metal reported a turnover of Rs 7,826 crore and Rs 2,869 crore respectively. The trading in gold was to the tune of Rs 12,353 crore in a single day while silver and crude oil reported a turnover of Rs 4,776 crore and Rs 7,565 crore respectively. On Tuesday, Mumbai based National Commodity and Derivatives Exchange reported a turnover of Rs 3031 crore.
At MCX, out of 21 commodities traded, gold, crude oil and silver had been recording a highest volume since last few weeks. During the last forthnight of June, for the August contract, the prices of gold recorded highest at Rs 12,996 per 10 gram on 30 th June while the price of the yellow metal was lowest at Rs 12055 per 10 gram on 16 th June 2008.