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ICICI Securities Report
Data upto September 11, 2020, shows that bullion average daily traded volumes have been off highs in the month of September 2020.
Bullion prices (both gold and silver) and volumes (especially silver) have been major drivers of ADTV for Multi Commodity Exchange of India Ltd. in FY21TD.
However, September shows some moderation trends highlighted below -
ADTV for the month of September 2020 till now has come in at Rs 329 billion versus Rs 374 billion in September 2019 and Rs 433 billion in August 2020.
On a YoY basis, gold ADTV (Rs 84.3 billion) remained flat, silver ADTV (Rs 93 billion) was up 52%, natural gas ADTV (Rs 56 billion) was up 288% and copper ADTV (Rs 28 billion) was up 27%.
Crude ADTV (Rs 24 billion) and other base metals ADTV (Rs 42.3 billion) was down 83% and 6.5% YoY, respectively.
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