India’s leading commodity derivatives exchange, the Multi Commodity Exchange (MCX), has achieved remarkable milestones during the week of February 21 to 27, 2025. The exchange recorded a total turnover of Rs. 12,85,062.24 crore in various futures and options contracts for listed commodities, with notable performance in precious metals, energy, agricultural commodities, and the Bullion Index.
Gold Options Contracts Hit Record High Turnover
The standout achievement for the week was the record-breaking turnover of Rs. 1,71,025 crore in GOLD (1 kg) options contracts, marking an all-time high for MCX. The exchange also saw a significant trading volume of 200 metric tonnes in these contracts. Earlier, on Monday, February 24, MCX had already set a record turnover of Rs. 51,149 crore in GOLD-MINI options contracts, highlighting the growing interest of traders in commodity options.
Gold and Silver Futures Experience Minor Drops
In the precious metals segment, gold futures experienced a slight decline. The MCX GOLD April futures opened at Rs. 85,715 per 10 grams and touched a high of Rs. 86,576 and a low of Rs. 84,879 during the week, before closing at Rs. 85,196, down by Rs. 828. Other gold contracts like GOLD-GUINEA and GOLD-PETAL also fell by Rs. 623 and Rs. 48, respectively. SILVER futures faced a steeper drop, with the SILVER March futures closing at Rs. 93,635, down by Rs. 3,478 from the previous week. SILVER-MINI and SILVER-MICRO futures also saw notable declines.
Energy Commodities Show Mixed Performance
The energy segment saw a turnover of Rs. 33,166.12 crore across 7,51,946 trades. CRUDE OIL March futures opened the week at Rs. 6,279 and hit a high of Rs. 6,299 and a low of Rs. 5,976. By the end of the week, it had dropped by Rs. 181 to close at Rs. 6,135 per barrel. Meanwhile, NATURAL GAS March futures closed at Rs. 347.70 per 1 MMBTU, marking a Rs. 1.50 decrease for the week.
Agricultural Commodities and Metals See Mixed Results
In agricultural commodities, COTTON CANDY futures saw a decline of Rs. 910, closing at Rs. 53,510 after opening the week at Rs. 54,200. Mentha oil futures also experienced a drop of Rs. 7.00, closing at Rs. 927.70 per kg. In metals, MCX recorded a turnover of Rs. 12,694.15 crore in 91,572 trades, with aluminum, zinc, copper, and lead futures all registering minor declines.
MCX Bullion Index Hits New Milestone
In terms of index futures, the Bullion Index MCXBULLDEX for March 2025 futures reached 20,264, continuing the bullish momentum in the bullion segment. The Bullion Index futures traded 333 lots worth Rs. 34.15 crore during the week, closing 478 points lower after a swing of 430 points.
Open Interest Levels and Overall Trading Volume
The open interest at the end of the week stood at 19,841.275 kg in GOLD futures, 987.941 tonnes in SILVER futures, 4,02,800 barrels in CRUDE OIL, 2,41,23,750 MMBTU in NATURAL GAS, and 12,192 candies in COTTON CANDY. The exchange also saw substantial trading activity in index futures and options. The total notional turnover for options on futures reached Rs. 11,37,421.76 crore across 66,55,957 trades.
MCX’s diverse commodity offerings, from precious metals to energy and agricultural commodities, continue to attract strong participation from traders. With record-breaking turnover in gold options and growing interest in futures contracts across different sectors, MCX remains a key player in the Indian commodity market.
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