Gold is one of the oldest and most well-known products used for investment, hedging and trading. Investments in gold have traditionally been used as a hedge against inflation and as a store of value.
The DGCX Spot Gold contract – Shari’ah compliant, has been certified by renowned Shari’ah scholars in compliance with the Shari’ah principles for the ownership of gold. Gold is less volatile than other major Islamic products available in the market including Equity Indices, REITs and the Takaful index. Although, traditionally Gold has performed better on a medium to long term basis. The DGCX Spot Gold contract – Shari’ah Compliant, provides an opportunity for Islamic funds and investors to diversify their portfolio efficiently by investing in Gold.
Compulsory physical delivery of allocated and segregated 1 Kilogram gold bars from approved Refineries
Recognised, regulated and fully Shari’ah compliant
Transparent pricing and defined delivery intention, revocation and substitution processes and timelines
Traded in USD with a tick size of USD 0.10 per troy ounce and Tick value of USD 3.20 per lot
Region’s first Exchange traded Shari’ah Spot Gold contract, certified by reputed Shari’ah advisory board based on established Shari’ah gold standards
Enables efficient diversification of Islamic investment portfolios through Shari’ah compliant ownership of gold
Traded on a federally regulated and risk managed platform offering safety and price transparency
Compulsory physical delivery under approved Shari’ah structure
Only specific DGD bars accepted as deliverable brands under the contract
End to end solution for physical storage and delivery handling as per participants’ request
| Contract | Parameters |
|---|---|
| Contract Type | Shariah Compliant |
| Contract Name | Spot Gold Shariah Compliant |
| Contract Symbol | DGSG |
| Underlying | 1kg Allocated and segregated Gold bars with a minimum purity of .995 |
| Contract Size | 32 Troy Ounces (approx. 1kg) |
| Notional Contract Value | 32 x Price |
| Trading Currency | USD |
| Settlement Currency | USD |
| Price Quote | US Dollars per Troy Ounce |
| Tick Size | US$ 0.10 |
| Tick Value | US$ 3.20 |
| Settlement Basis | Physical Delivery |
| Final Cash Settlement Price (FCSP) | FCSP shall be the Daily Settlement Price on each SGIN Day |
| Trading Days | Exchange Business Days |
| Trading Hours | 07:00 – 20:00 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 DGR system. On T+1 pay-in of funds and delivery-in of Gold Warrant to DMCC by 10:00. Pay-out of funds and delivery-out of Gold Warrant between 12:00 and 14:00 |
| Delivery Margin | See link: www.dgcx.ae/initial-margins |
| No Cancellation Range | See link: www.dgcx.ae/price-limits |
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."
