DGCX is expanding its precious metal product suite, Physical Gold& Spot Gold Futures Contract, these two products are created to provide an excellent source of liquidity in the gold market and can be used extensively by banks, financial institutions, and gold traders. Physical gold traders can realize value for the physical gold held by them through Banks and other Financial Institutions by participating in these contracts.
Physical Gold Futures are available for trading 10th, 20th, and 30th Calendar Day contracts for one month
Spot Gold will be available for trading on each Business Day
The contract will be physically delivered, the delivery day shall be the next succeeding Business Day following the Last Trading Day
Gold that is delivered under the Physical Gold Futures Contract shall be of fineness of 995.0 parts per thousand and be of “UAE Good Delivery” quality specification within the chain of custody, as determined by DMCC from time to time
| Contract Type | Physical Gold Futures Contract |
|---|---|
| Contract Name | Physical Gold Futures Contract |
| Contract Symbol | DPG |
| Underlying | 0.995 purity of 1kg Gold bar of “UAE Good Delivery” specification within the chain of custody |
| Contract Size | 25kg |
| Notional Contract Value | 25 x Price |
| Trading Currency | USD |
| Settlement Currency | USD |
| Price Quote | US Dollars per kg |
| Tick Size | US$ 0.10 |
| Tick Value | US$ 2.50 |
| Settlement Basis | Physical Delivery |
| Final Cash Settlement Price (FCSP) | FSP is based on the publicly available reference price displayed on Last Trading Day |
| Last Trading Day (LTD) | 10th, 20th and 30th calendar days of the month. If 10th, 20th and 30th calendar days are not exchange business days, then the LTD shall be the business day prior to the 10th, 20th and 30th calendar days, respectively. In the month of February, the LTD shall be 28th / 29th calendar day of the month. If 28th / 29th calendar day is not an exchange business day, the LTD shall be the business day prior to the 28th / 29th calendar day. |
| Trading Days | Exchange Business Days |
| Delivery Days | Business Day succeeding the Last Trading Day |
| Trading Hours | 07:00 – 20:00 Hours Dubai time |
| Max Order Size | 200 Lots |
| Trading Months | 10th, 20th and 30th Calendar Day contracts for one month |
| New Contract Listing | Business Day immediately following the Last Trading Day |
| Wholesale Trades | Block Trade facility is available |
| Delivery Process | Delivery through DMCC Tradeflow system. On the Business Day succeeding the Last Trading Day 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 |
| Contract Type | Spot Gold Contract |
|---|---|
| Contract Name | Spot Gold Contract |
| Contract Symbol | DSG |
| Underlying | 0.995 purity of 1kg Gold bar of “UAE Good Delivery” specification within the chain of custody |
| Contract Size | 25kg |
| Notional Contract Value | 25 x Price |
| Trading Currency | USD |
| Settlement Currency | USD |
| Price Quote | US Dollars per kg |
| Tick Size | US$ 0.10 |
| Tick Value | US$ 2.50 |
| Settlement Basis | Physical Delivery |
| Final Cash Settlement Price (FCSP) | FSP shall be the Daily Settlement Price on each Exchange Business Day |
| Trading Days | Exchange Business Days |
| Trading Hours | 07:00 – 20:00 Hours Dubai time |
| Max Order Size | 200 Lots |
| Wholesale Trades | Block Trade facility is available |
| 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 |
| Expiry Month | Expiry Code | Last Trading Day | Notice Day | Delivery Day |
|---|---|---|---|---|
| Sept'24 | DPG-20240920 | 20-September-24 | 20-September-24 | 23-September-24 |
| Sept'24 | DPG-20240930 | 30-September-24 | 30-September-24 | 1-October-24 |
| Sept'24 | DPG-20241010 | 10-October-24 | 10-October-24 | 11-October-24 |
Aertram Trades DMCC, a leading name in the world of commodities trading on the Dubai Gold and Commodities Exchange (DGCX).
1808, Gold Crest Executive Tower,
Cluster C, Jumeirah Lakes Towers, P.O Box 231076, Dubai, United Arab Emirates.
Disclaimer:
AETRAM Trades DMCC (hereinafter referred to as "AETRAM") is a registered company with the Dubai Gold & Commodities Exchange (DGCX) and offers trading services for various products listed on the DGCX platform. As a potential investor, it is important to be aware of the risks involved in trading commodities and financial derivatives.
AETRAM Trades DMCC is a duly licensed and regulated entity by the Securities and Commodities Authority of UAE (SCA) under license number 607017 to conduct Trading broker activities in international markets, and provide Financial Consultation and Financial Analysis services and Promotion. Additionally, AETRAM Trades DMCC operates as a regulated Broker/Clearing Member of DGCX (Registration number DMCC0548 and License number DMCC-30297). Our registered office is located at Office # 3001, Fortune Tower, Cluster C, Jumeirah Lakes Towers, P.O Box 231076, Dubai, UAE.
Trading in commodities and financial derivatives carries inherent risks, and the value of investments can fluctuate, potentially leading to losses that may exceed the initial investment. The commodities and financial derivatives markets are subject to rapid and unpredictable price changes due to various factors, including economic conditions, geopolitical events, and market sentiment. It is crucial to note that past performance is not indicative of future results, and AETRAM does not guarantee any profits or specific investment outcomes.
The information and materials provided by AETRAM are intended for educational and informational purposes only and should not be considered as financial advice. Before making any investment decisions, investors are strongly advised to seek independent professional advice. Clients of AETRAM must comply with the rules and regulations set forth by the DGCX, as failure to do so may result in disciplinary actions. By engaging in trading activities with AETRAM, investors acknowledge and accept the risks involved in trading commodities and financial derivatives. AETRAM shall not be held responsible for any losses incurred by investors, and investors trade at their own risk. It is of utmost importance for investors to thoroughly review and understand the terms and conditions provided by AETRAM and the DGCX before proceeding with any trading activities.
By accessing our website and using the information provided, you acknowledge that you have read and understood this disclaimer and agree to its terms. Trading in commodities and financial derivatives involves inherent risks, and you undertake any transactions at your own discretion and risk. AETRAM Trades DMCC shall not be liable for any losses or damages incurred from your use of the information provided on our website.** This website's information is not intended for use by anybody residing outside UAE or where such use would violate local laws or regulations.
Risk Disclaimer:
Trading Forex and Leveraged Financial Instruments carries a substantial risk and may result in the loss of your invested capital. Only invest funds you can afford to lose and ensure you thoroughly understand the risks involved. Trading leveraged products may not be suitable for all investors. Prior to trading, consider your level of experience, and investment objectives, and seek independent financial advice if needed. The Client is responsible for determining whether they are permitted to use AETRAM TRADES DMCC services based on legal requirements in their country of residence.
"AETRAM TRADES DMCC does not offer its services to residents of specific regions, including Afghanistan, Belgium, Bosnia & Herzegovina, Burundi, Eritrea, Gaza Strip, Haiti, Iran, Iraq, Japan, Lao, Libya, Myanmar, North Korea, Somalia, South Sudan, Sudan, Syria, USA, Venezuela, West Bank, and Yemen."
