Driven by bullion trade, the turnover of 23 commodity exchanges rose by 75% to Rs 8,239,313 crore till September 15 this year, the Forward Markets Commission (FMC) has said.
Their turnover stood at Rs 47,13,738 crore in the corresponding year-ago period.
Much of the business came from futures trading in gold, silver and some of the agricultural commodities.
According to the data from regulator FMC, the turnover from bullion rose more than two fold to Rs 50,38,274 crore during the period under review from Rs 20,49,759 crore in the corresponding year-ago period.
The turnover from agricultural items rose by 52.24% to Rs 8,33,953 crore from Rs 5,47,772 crore.
The business from energy items jumped by 32% to Rs 12,29,943 crore in the review period from Rs 9,32,275 crore in April-September 15, FY11.
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However, the turnover from metals like copper has declined marginally to Rs 11,37,140 crore from Rs 11,83,912 crore in the corresponding year-ago period.
There are five national-level and 18 regional commodity exchanges in the country. The commodity futures market did business worth Rs 119.48 lakh crore in 2010-11.