Gold is one of the oldest 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 the majority of the diversified investment funds, gold is a must-have product in the portfolio.
DGCX Gold futures contract provides the international benchmark pricing Gold contract for investors, speculators, hedgers, and arbitragers. Gold futures contract was the first contract launched on the DGCX platform in 2005 and has traded more than 5.4 million lots since then.
Contract Type | Future |
Contract Name | Gold |
Contract Symbol | DG |
Underlying | 31.99 Troy Ounces (1kg), cast in one bar of 0.995 Fineness |
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 | Cash Settled |
Final Cash Settlement Price (FCSP) | Based on publicly available reference price |
Last Trading Day (LTD) | Two Business Days prior to the last Business Day of the contract month |
Trading Days | Exchange Business Days |
Trading Hours | 07:00 – 23:55 Hours Dubai time |
Trading Months | January, March, May, July, September and November |
New Contract Listing | Business Day immediately following the Last Trading Day |
Max Order Size | 200 Lots |
Wholesale Trades | Block Trade minimum size threshold: 50 lots |