The turnover of 23 commodity exchanges surged by 54 per cent to Rs 47.13 lakh crore till September 15 of the current fiscal on the back of sustained trading participation in bullion and metals, according to the Forward Markets Commission (FMC).
The turnover stood at Rs 30.65 lakh crore in the corresponding period last year, it said in a statement.
The maximum business in bullion, metals and even in agricultural commodities rose due to sustained trading participation despite volatile prices, an official with commodity markets regulator FMC said.
According to the data released by FMC, the turnover from bullion trade increased by 81 per cent to Rs 20.49 lakh crore till September 15 of FY11 from Rs 11.35 lakh crore in the same period last year.
The business from metals such as copper rose by 72 per cent to Rs 11.83 lakh crore from Rs 6.89 lakh crore, while the turnover from energy products like crude oil increased by 25 per cent to Rs 9.32 lakh crore from Rs 7.47 lakh crore in the reviewed period.
The turnover from agricultural commodities like soyabean and guarseed rose by 12 per cent to Rs 5.47 lakh crore till September 15 of the current financial year, against Rs 4.89 lakh crore in the year-ago period, the FMC said.
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FMC, which releases the turnover data every fortnight, said there was over 30 per cent jump in the business at 23 commodity exchanges in the first fortnight of September at Rs 4.36 lakh crore against the year-ago period.
The major chunk of business was clocked at four national commodity exchanges -- MCX, NCDEX, NMCE and ICEX.
During September 1-15, leading commodity bourse MCX did the maximum business of Rs 3.72 lakh crore, followed by NCDEX at 45,656 crore, ICEX at Rs 13,009 crore and NMCE at Rs 3,540 crore.
At present, there are four national and 19 regional commodity exchanges in the country.