• • • • •

In last fortnight, the average volume on MCX ?” where key commodities traded are bullion, energy and base metals ?” have hovered between Rs 22,000 and Rs 26,000 crore. Agrees Naveen Mathur of Angel Commodities, saying that they are not seeing a tremendous growth in agri volumes on the exchanges and so their resources in this direction would be limited to what is required for break-even while they enhance their focus towards international commodities. A reason for improved liquidity in commodities like gold, crude oil or base metals is due to good information being available on such commodities which links them well to the spot market and thus generates investor interest. Even Motilal Oswal Commodities is now focusing more on globally liquid commodities and is imparting knowledge and educating the investors to diversify their portfolio towards precious metals, base metals and crude said Kuljeet Kataria from Motilal Oswal. Commodities are also drawing investors because of the good liquidity triggered by transparent price and exposure to the commodities, feel the analysts. read more

Technorati Tags: commodities, volumes, base, good, metals, rs, news