2006-09-22 03:06:43 · 2 answers · asked by askumar1020 1 in Business & Finance ➔ Investing
Right now, commodities are slumping worldwide. It seems to have been set off by the oil price drop. Some people think that the commodities boom is over. That is absolutely false.
India, as well as China, are growing rapidly, and the outlook is for them to continue to grow. Their demand for hard commodities - oil, natural gas, and mining (precious metals and industrial metals) will continue to grow for at least another 5-10 years. The time to buy into this market is now, not when the prices have doubled again.
Best of success.
2006-09-25 08:27:26 · answer #1 · answered by Thinker 5 · 0⤊ 0⤋
The Indian commodity futures landscape has been evolving and the national commodity exchanges have made a big headway since their inception, with volumes surging with every passing year. The turnover on the Indian commodity bourses has increased 120 times after electronic trading was introduced in 2003, according to the Forward Markets Commission (FMC), the commodities market regulator.
The MCX is the world's largest exchange in silver, the second largest in gold, copper and natural gas and the third largest in crude oil futures. However, as a whole, exchange-traded commodities account for only a fifth of the total volume of commodities traded in India. Globally, the futures market in commodities is 30-40 times the size of the underlying physical commodity trade. The higher the multiplier, the more thinly the commodity price risks can spread across the market. So, it is evident that there is a large scope for increase in the volume of commodity futures trading in India.
2014-07-04 06:03:03 · answer #2 · answered by Anonymous · 0⤊ 0⤋