| The market also witnessed record prices and trading volume in gold. The new record turnover represents a jump of 38.27 per cent over the last recorded high turnover of Rs 5,953.77 seen just three days ago. |
| Bullion dominated the day with gold touching a record turnover of Rs 4,290.10 crore and also registering the highest price of Rs 8,134 per 10 gm in February 2006 contract. |
| Similarly, silver touched a peak of Rs 14,037 per kg in March 2006 contract and recorded a turnover of Rs 2,769.86 crore. |
| The widening interest in commodities futures markets and increasing spot prices in bullion provided depth and spiralling growth on the exchange in the recent past. |
| MCX's turnover on Monday was higher than the cash market turnover of the NSE at Rs 6,683 crore and was 45 per cent of the NSE's derivatives turnover of Rs 18,391.49 crore. |
| The rising prices of gold in the international market have witnessed growing demand for gold trading on MCX. |
| The price correlation between the global gold prices and MCX gold prices is 99.7 per cent and the same for silver is 98.2 per cent. |
| Such high correlation of international gold prices with those of MCX goes to show the kind of position MCX occupies in the global market and also the high confidence that participants have while trading on MCX. |
| MCX offers futures trading in 56 commodities. The exchange has pioneered futures trading in crude, steel, cashew and mentha oil, in India, and plastic futures in Asia. |
| It is India's largest and the world's third largest bullion exchange. |
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