Does Indian Commodity Futures Markets Exhibit Price Discovery? An Empirical Analysis

Table 3

Commodity wise total value of trade (%) in Multi Commodity Exchange Limited (MCX).

Group	Commodity	2006	2010	2015	2017	2019
Bullion	Gold	88.83	94.58	100.00	99.40	97.15
	Silver	87.28	97.48	98.75	99.79	100.00
Metal	Aluminum	75.83	100.00	91.97	85.22	89.37
	Copper	99.98	100.00	100.00	99.31	99.80
	Lead	0.00	100.00	99.21	98.06	96.73
	Zinc	99.62	100.00	99.72	97.00	97.65
Energy	Crude oil	100.00	100.00	98.46	99.72	90.16
	Natural gas	100.00	100.00	100.00	100.00	100.00

Source: compiled from Fortnightly Market Review, Forward Market Commission and SEBI, India (2005–2019).