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The Indian Commodity Exchange (ICEX), has recorded one of its highest volumes in physical delivery of bullion (Gold & Silver) on its platform.
Delivery as of 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 :
|
Commodity |
Quantity (in KG) |
Commodity Delivery Value (in Rs.) |
|
SILVER |
3665.75 |
201,691,566.11 |
|
GOLD |
130.00 |
303,433,500.00 |
|
GOLD 100GMS |
19.00 |
54,718,100.00 |
|
Total |
559,843,166.11 |
