MCX clocks total turnover of Rs 6,027.62 cr

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Mumbai, Mar 27 (UNI) The Multi Commodity Exchange (MCX) has clocked a total turnover of Rs 6,027.62 crore and 82,244 trades.

MCX Comdex the composite index of metals, energy and agro-commodities gained 0.31 per cent at 2,741.40 points. The MCX Metal and Energy gained marginally, while MCX Agri declined 0.38 per cent.

Gold clocked a turnover of Rs 2,194.54 crore, helped by volume of 17,844 kg and open interest of 9,897 kg. The silver turnover was Rs 1,334.43 crore with volume of 5,64,645 kg and open interest of 1,99,755 kg.

Barring two, other gold contracts weakened in the range of 0.20 per cent to 0.48 per cent. Gold December 2008 contract shed 0.48 per cent at Rs 12,359 per 10 grams.

Silver followed gold with two contracts gaining. Silver July 2008 contract shed 0.87 per cent at Rs 23,874 per kg. Silver December 2008 contract also gained 0.81 per cent at Rs 24,618 per kg.

Metal contracts recovered ground, barring lead May 2008 contract and zinc May 2008 contract that weakened. Copper August 2008 contract gained 1.72 per cent at Rs 333.40 per kg and tin March 2008 contract by 1.28 per cent at Rs 829 per kg.

There was little movement in CFI contracts. Crude oil September 2008 contract gained 4 per cent at Rs 4,130 per barrel and natural gas April 2008 contract lost 0.57 per cent at Rs 386.80 per mmBTU.

Most agriculture contracts posted losses, dominated by cardamom July 2008 contract down by 3 per cent at Rs 565 per kg.

Crude oil September 2008 contract occupied the top slot with a rise of 4 per cent at Rs 4,130 per barrel while aluminum May 2008 contract advanced by 1.99 per cent at Rs 118 per kg. Among the losers, cardamom April 2008 with a loss of 3.02 per cent at Rs 594 per kg was on the top of the heap while cardamom June 2008 lost 2.56 per cent at Rs 553 per kg.

Gold April 2008 contract clocked a volume of 14,107 kg and gold M April 2008 contract 589 kg, an MCX release said.


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