DGCX to introduce physically settled Spot Gold contracts

The Dubai Gold & Commodities Exchange (DGCX) on Monday unveiled its plans to add a new type of contracts to its offering.

The Exchange said it would introduce physically settled DGCX Spot Gold Contract for trading on the DGCX platform effective from Monday, December 14, 2015.

The contract size for the new instruments (with contract symbol DGSG) is 32 troy ounces. They will be available to trade Monday through Friday, from 07:00 to 20:00 Dubai time (GMT+4).

The announcement about the new Gold contracts comes as DGCX unveiled its plans to launch cash settled Chinese yuan (CNH) futures. These are set to be available to trade from December 18, 2015.

To view the DGCX notice on the launch of the new Gold contracts, click here.

Read Also: