The turnover of the 23 commodity exchanges in the country rose by 79% to Rs 92,61,052 crore in the April-September period of the current fiscal, driven by increased trade volumes in gold and other metals, the Forward Markets Commission (FMC) said.
The turnover of the commodity exchanges stood at Rs 51,72,550 crore in the corresponding year-ago period, the FMC said in a statement.
The maximum business was seen in futures trading in gold, silver, crude oil and some agricultural items.
According to the FMC data, the turnover from bullion has grown over two-fold to Rs 56,83,821 crore till September of the current fiscal from Rs 22,40,396 crore in the corresponding year-ago period.
The turnover from agricultural items rose by 55.45% to Rs 9,32,792 crore from Rs 6,00,064 crore, while business from energy items jumped by 30% to Rs 13,53,779 crore in the review period from Rs 10,43,511 crore in the April-September period of FY'11.
The turnover from metals like copper showed a slight improvement and business rose to Rs 12,90,656 crore as of September of the 2011-12 fiscal from Rs 12,88,558 crore in the corresponding year-ago period.
Currently, 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.