After reaching a milestone on the Multi Commodity Exchange (MCX) on Wednesday, the turnover of gold futures declined on Thursday to Rs 7,211 crore. The open interest was 15,687 kg. |
On Wednesday, the total turnover across all gold and mini gold contracts was cumulatively recorded at Rs 10,802.84 crore, approximately 81 per cent of the exchange's turnover of the day. |
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The exchange breached its own record of Rs 9,094 crore set on April 20, 2006. |
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The turnover was given a push by a huge appreciation in gold prices across the globe. In 2007, the metal shot up 48 per cent in dollar terms from $640.75 an ounce to around $900 an ounce. It jumped 22 per cent in rupee terms from Rs 9,210 per 10 grams to Rs 11,200 per 10 grams during the year. |
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The total trade volume was recorded at 96,251 kg while open interest remained at 15,449 kg on the record-setting day. A total of 85,311 trades were executed in gold contracts on the exchange. |
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Bullion turnover in the morning session of Wednesday was at Rs 5,624.28 crore, comprising gold contracts worth Rs 4,077.39 crore and silver contracts of Rs 1,546.89 crore. |
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Gold contract volumes were 36,322 kg, while the open interest (OI) was 15,894 kg. |
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The exchange has six bi-monthly forward contracts of gold and three futures contracts of gold mini. |
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