Turnover of 21 commodity exchanges touches Rs 63 lakh

NEW DELHI: The turnover of 21 commodity exchanges has jumped to nearly Rs 63 lakh crore till August 15 of the present financial year due to the weak trade in bullion, said the Forward Markets Commission (FMC).

These stock exchanges did business of Rs 62.06 lakh crore during the same period last year, said FMC in its latest report.

The overall turnover of the exchanges was not impressive as the business from gold and silver futures remained down by over 20 per cent at Rs 28.88 lakh crore during the April-15 August period as compared to Rs 36.15 lakh crore during the same period last year.

FMC said while the turnover from agricultural items climbed by nearly 30% to Rs 8.7 lakh crore as compared to Rs 6.78 lakh crore. The business from other metals like copper rose by 23 per cent to Rs 11.60 lakh crore from Rs 9.43 lakh crore in the review period.

The turnover from energy items, including crude oil, rose by 40% to Rs 13.59 lakh crore till August 15