05.03.2013 - India: Value of trade on commodity exchanges may decline this fiscal
The value of trade on commodity exchanges is likely to drop for the first time this fiscal since the first commodity futures exchange began functioning in 2002. Two reasons are cited for the trend. One is the current downtrend in the bullion. The other is that some investors shifted to smaller denominations, i.e., mini lots in trade parlance, after gold prices touched Rs 32,000 for 10 gm during the first half of last year. According to the Forward Markets Commission (FMC), an arm of the Consumer Affairs Ministry that supervises the functioning of commodity futures, the value of trade between April 1, 2012 and February 15 dropped to Rs 151 lakh crore against Rs 159 lakh crore during the same period a year ago...............................................Full Article: Source
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