MCX clocks total turnover of Rs 4,413.97 cr

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Mumbai, Apr 2 (UNI) The Multi Commodity Exchange (MCX) has clocked a total turnover of Rs 4,413.97 crore and 65,475 trades.

MCX Comdex, the composite index of metals, energy and agro-commodities lost 0.22 per cent at 2,619.54 points.

Energy and agri also declined, while metal gained marginally.

Gold clocked a turnover of Rs 1,905.46 crore. It was helped by volume of 16,485 kg and open interest of 7,835 kg. Silver, backed by volume of 4,34,805 kg and open interest of 2,17,025 kg, recorded turnover of Rs 958 crore.

Most contracts in bullion made marginal recovery, barring one in gold and three in silver. Gold contract for April 2008 gained 0.65 pc at Rs 11,557 per 10 gram, but gold contract for October 2008 shed 1.11 pc at Rs 11,592 per 10 gram. Silver contract for September 2008 was up 1.57 pc at Rs 22,492 per kg, while its December 2008 contract was up 1.41 pc at Rs 22,660 per kg. Other contracts either remained unchanged or shrunk a bit.

Only zinc contracts advanced. Its June 2008 contract was up 1.61 pc at Rs 94.95 per kg, while all nickel and tin contracts lost.

Aluminium contract for May 2008 was up 1.03 pc at Rs 118.10 per kg and copper contract for August 2008 was up 1.01 pc at Rs 333.45 per kg. However, tin contract for May 2008 lost 2.10 pc at Rs 816.50 per kg.

Barring crude oil contract for June 2008 that gained 1.11 pc at Rs 4,005 per barrel, other crude oil contracts were either weak or remained unchanged.

Though there was some recovery in agricultural contracts, refsoyoil, turmeric, sugarsklp and jute contracts suffered.

Refsoyoil May 2008 contract shed 3.63 pc at Rs 544.05 per 10 kg, while sugarsklp May 2008 contract shed 1.44 pc at Rs 1,501 per quintal.

Potato TRWR June 2008 contract topped the list of gainers, rising 2.40 pc at Rs 354.70 per quintal, and zinc June 2008 contract rose by 1.61 pc at Rs 94.95 per kg.

Gold June 2008 contract clocked a volume of 15,389 kg and refsoyoil May 2008 contract recorded a volume of 11,660 tonnes, an MCX release said.


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