MCX breaks 10k barrier

Mumbai, Mar 31 (UNI) Multi-commodities exchange (MCX) recorded highest turnover of Rs 11626.33 crore at the close of trading hours Thursday.

Bullion registered a turnover of Rs 9,497.54 crore - gold Rs 5,838.06 crore and silver Rs 3,659.48 crore. The total number of trades were 1,26,774.

Previous highest turnover was recorded Rs 8,587.55 crore on 20 January.

Total volume recorded in gold was 83.88 tonnes and the open interest was 11.07 tonnes. Similarly, total volume recorded in silver was 2,206.44 tonnes and the open interest was at 469.16 tonnes.

Attributing the success to teams of the exchange and Financial Technologies (India) Ltd(FTIL) along with the exchange members and shareholders who have reposed their faith in the functioning of this organisation, MCX Managing Director and CEO Jignesh Shah today said '' We are very pleased to have established this record''.

MCX is an independent and de-mutualised multi-commodity exchange and provides online trading, clearing and settlements to Indian commodity futures markets. Recognised by the Indian government, its key shareholders include FTIL, SBI, NSE, NABARD, Union Bank of India, State Bank of Hyderabad, State Bank of Indore, State Bank of Saurashtra, SBI Life Insurance, Canara Bank, Corporation Bank, HDFC Bank, Bank of India and Bank of Baroda.

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