Multi Commodity Exchange of India (MCX) has seen its average daily turnover plunging sharply amid declining trade in bullion trading even as some of its rivals appear to be steadily making inroads in a market once seen as a virtual monopoly.
The month-wise average daily turnover of MCX (Multi Commodity Exchange) fell to nearly Rs 24,000 crore in August this year from more than Rs 43,262 crore in August 2020.
MCX, the leading commodity bourse, largely offers futures trading in nonagricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.
