The turnover of commodity exchanges fell sharply by 65 percent to Rs 14.55 lakh crore in the first quarter of this fiscal due to poor volumes in most commodities, the Forward Markets Commission (FMC) said.
Turnover of commodity bourses rose by over 53 percent to Rs 7,87,433 crore in the first fortnight of this month on robust volumes in gold, silver and energy items, as per the Forward Markets Commission (FMC).
The turnover of commodity bourses continued to be sluggish, declining to Rs 136.51 lakh crore till January 15 of the current fiscal due to sluggish volumes in bullion, according to the Forward Markets Commission (FMC).
The turnover of the 23 commodity exchanges in the country has risen by 67 percent to Rs 130.57 lakh crore in the current fiscal till December 15 on account of increased participation in gold and silver trading, the Forward Markets Commission (FMC) has said.
The turnover of the commodity futures market rose by 56 percent to Rs 38,29,230 crore in the first quarter of the 2011-12 fiscal on the back of robust trading volumes in gold and silver, the Forward Markets Commission (FMC) said.
Commodity market regulator FMC
has said that exchanges are free to fix the transaction fees,
provided these do not breach the prescribed minimum of Re 1
and maximum of Rs 4 for a business of Rs 1,00,000.