Indian Commodity Exchange Record Trading Volume
Indian Commodity Exchange (ICEX), has recorded one of its highest volumes in physical delivery of bullion (Gold & Silver) on its platform. Delivery as a percentage of average Open Interest (OI) was 94.10%, in Gold 62.02% in Silver and 79.78% in Gold 100 gms.
With the spurt in the demand of Gold and Silver in recent times, commodity exchange trading in these precious metals has surged in India – arguably the world’s largest bullion market.
The figures of Silver & Gold traded on ICEX as of 2nd December, 2011 is as follows:
SILVER 3665.75 kg
GOLD 130.00 kg
GOLD 100GMS 19.00 kg