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Daily Gold Futures

Gold is one of the oldest, safest and well-known products used for investment in the history of human existence. The investments in gold have traditionally been to hedge against inflation. For majority of the diversified investment funds, gold is a must have product in the portfolio.

DGCX is adding a new contract to its precious metal futures contracts, Daily Gold Futures Contract which will provide those investors who wants to even further diversify their portfolio and seeking for efficient investment opportunity. The contract will be physically delivered for all open positions held at the end of each trading day.

Daily Gold Futures
Metals

Compulsory physical delivery of allocated 12.5 Kilogram gold bars from approved Refineries

Metals

Transparent pricing and defined delivery intention, revocation and substitution processes and timelines

Metals

Traded in USD with a tick size of USD 0.01 per troy ounce and Tick value of USD 4.00 per lot

Metals

Traded on a federally regulated and risk managed platform offering safety and price transparency

Metals

Only specific DGD bars accepted as deliverable brands under the contract

Metals

End to end solution for physical storage and delivery handling as per participants’ request

Contract Specifications

Contract Parameters
Contract Type Daily Gold Futures Contract
Contract Name Daily Gold Futures Contract
Contract Symbol DGFC
Underlying 400 troy ounce gold bar of “Dubai Good Delivery” specification
Contract Size 400 troy ounces
Notional Contract Value 400 x price
Trading Currency USD
Settlement Currency USD
Price Quote US Dollars per Troy Ounce
Tick Size US$ 0.01
Tick Value US$ 4.00
Settlement Basis Physical Delivery
Final Cash Settlement Price (FCSP) FCSP shall be the Daily Settlement Price on each trading day
Trading Days Exchange Business Days
Delivery Day Each succeeding Business Day
Trading Hours 07:00 – 18:00 Hours Dubai time
Max Order Size 200 Lots
Wholesale Trades Block Trade minimum size threshold: 5 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution
Delivery Process Delivery through DMCC Tradeflow system. On T+1 pay-in of funds and delivery-in of Gold Warrant to DMCC by 08:00. Pay-out of funds and delivery-out of Gold Warrant between 10:00 and 12:00
Delivery Margin See link: www.dgcx.ae/initial-margins
No Cancellation Range See link: www.dgcx.ae/price-limits