The turnovers of gold, silver and agri commodities like guar seed and chana are much more than that of blue chips traded on the Bombay Stock Exchange.
Multi Commodity Exchange of India Ltd has emerged the second largest Natural Gas Exchange globally, next to New York Mercentile Exchange.
India's leading commodity bourse - the Multi-Commodity Exchange Commodity of India - has led the commodity futures boom in India in the last year with a market share of 72.4 per cent.
The deal values DGCX, which started operations one and a half years ago, at a whopping $1.25 billion.
The turnover of commodity exchanges in 2006-07 financial year is likely to touch a whopping Rs 37 lakh crore (Rs 37 trillion) against just Rs 570,000 crore (Rs 5,700 billion) in 2004-05.
Gold had hit an all-time high of Rs 11,492 on the Multi Commodity Exchange, the largest commodity bourse. The gold contract has gone up more than 7 per cent so far in 2008. Traders said the demand for gold is dull, as many people are expecting that the prices will come down.
Cargill, Universal Leaf, ChrysCapital feel the heat.
Jewellery stores remained deserted as buyers deferred their non-essential purchases awaiting softness in gold prices.
The exchange has written to MCX for greater details on the special audit. BSE has sought the names of related parties, which have been withheld by MCX.
BSE is world's largest exchange in terms of listed companies and figures among top 10 globally on various other parameters.
Federation of Indian Commodity Exchange is roping in the regional exchanges to be part of its tie up initiative with Bombay Stock Exchange for technology partnership, likely to be finalised between January-March 2006, a top official of FICE said on S
Online futures trading in coffee was launched in Bangalore on Tuesday by the National Multi-Commodity Exchange of India.
Pepper futures set a new record of Rs 457.09 crore (Rs 4.57 billion) during intra-day trading at the National Multi-Commodity Exchange last week.
The RBI banned imports on a consignment basis, making it difficult for jewellers to source raw material.
Manoj Vaish on Saturday took charge as Managing Director and CEO of the country's leading commodity exchange MCX that is under the regulatory glare following troubles at the promoter group.
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
The Multi Commodity Exchange on Wednesday launched India's first ever crude oil futures contract.
The exchange has always seen huge volumes in gold trading. But due to a fall in prices, volumes took a hit.
Securities and Exchange Board of India on Friday said the process of demutualisation of bourses will be started soon after government carries out necessary legislative changes.\n\n\n\n
A Cabinet panel has allowed futures trading in 54 commodities including rice, wheat, pulses, oils, oilseeds, spices and metals, a government spokesman said on Thursday.
A combination of fewer listings and falling 'average daily traded value' contributed to the drag in Q3.
Gold looks cheap compared to the stock markets that are highly overbought at the moment.
The Multi Commodity Exchange of India Ltd has finalised the futures contract details of six commodities - gold, silver, castor seed, cotton, rubber and pepper. All the contracts will be physical delivery based.
According to sources, BSE is seeking an offering that would value it at about Rs 4,000-5,000 crore (Rs 40-50 billion).
Since most banks have tightened lending to diamond merchants and others are about to do so, many medium and small diamond dealers are approaching large players for credit facility within the industry
India has imposed several restrictions on imports of gold, the biggest non-essential import item, to curb a record trade deficit.
Commodity futures market's dream run came to a halt in 2013 as a Rs 5,600 crore scam in Jignesh Shah-led spot exchange NSEL and imposition of transaction tax on non-farm items hampered the growth of business, with turnover estimated to dip by 30 per cent to Rs 125 lakh crore.
Chidambaram said NSEL was not a registered or recognised association under the FMC but got exemption even before it started its business.
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