The turnover of Indian commodity exchanges dropped 39 per cent to Rs61.68 lakh crore last fiscal due to higher transaction costs and decline in prices of bullion and metals.
The business at these bourses was at Rs101.44 lakh crore in the previous fiscal, 2013-14, according to the data released by the Forward Markets Commission (FMC).
The turnover of bullion fell by over 49 per cent to Rs21.88 lakh crore in 2014-15, from Rs43 lakh crore a year-ago.
Similarly, the turnover of energy commodities declined by 34 per cent to Rs16.46 lakh crore, from Rs24.72 lakh crore, while that of metals dipped by 28 per cent to Rs12.74 lakh crore from Rs17.61 lakh crore in the review period.
The business from agricultural commodities also fell by 34 per cent to Rs10.58 lakh crore in the 2014-15 fiscal, from Rs16.02 lakh crore in 2013-14.
"The turnover has declined due to higher commodity transaction tax (CTT), which is in place since July 1, 2013. There has also been decline in prices of gold, silver and other metals," commodity brokerage SMC Comtrade Chairman and Managing Director D K Aggarwal said.