Metal Futures

Gold, Silver & Copper Trading in Dubai

Dubai has a longstanding history and an established gold trade online. DGCX launched its trading operations with the DGCX gold futures contract. The gold futures contract is based on 1 kilogram of gold (0.995 fineness) which is deliverable at DGCX approved vaults in the United Arab Emirates (UAE).

Dubai is also an important geographical location for the Silver industry and international silver trade. The Silver futures contract was second contract launched on DGCX. The contract represents 1,000 troy ounces of silver (0.999 fineness) and is deliverable at DGCX approved vaults in the UAE.
For all your silver and gold trading requirements in Dubai, contact EARNEX.

Trading
SymbolDG
Contract Size32 troy ounces. (1 kg)
Quality Specification0.995 purity, as per Dubai Good Delivery Standard
Trading MonthsFeb, Apr, Jun, Aug, Oct and Dec
Last Trading DayThird last business day of the month preceding the Delivery Month
New Contract ListingBusiness day immediately following last trading day
Price QuoteUS$ per troy ounce
Tick SizeUS$ 0.10 (US $ 3.2 per contract)
Price Movement LimitUS$ 20 – Note 1*
Max Order Size200 contracts
Trading DaysMonday through to Friday
Trading Hours07:00 – 23:30 Hours Dubai time (GMT+4)
Wholesale TradesEFS, EFP, Block trade facilities available
Margins
Initial Margin based on SPANClick on the “Initial Margin” TAB
Calendar Spread Position MarginDepending upon each class of asset, spread position margin (Calendar spread margin) is charged using the SPAN framework. In case of Gold, 100% benefit is offered on calendar spread margins
Extra MarginIn time of high volatility, an extra margin as deemed fit by the Exchange may be imposed on all open positions
Delivery Period MarginFive (5) times of the Initial Margins
Delivery related information
Delivery Unit1 Kg (31.99 troy ounces)
Deliverable Weight1 Kilogram cast in one bar
Deliverable Quality0.995 fineness
Approved CMI / AssayersNames as listed on the DGCX website
Approved RefinersNames as listed on the DGCX website
Approved VaultsNames as listed on the DGCX website
Delivery Period First Day of the Delivery Month
Notice DayLast Day of trading of the Delivery Month
Delivery ProcessThe Matching of Buyers and Sellers for Gold delivery will be completed on a time priority basis upon receipt of their Tender/ Delivery Notices
Vault chargesRates applicable as published on the DGCX website
Delivery InstrumentDubai Gold Receipt (i.e. Standard DGR along with validated Refiner’s certificate or CMI-Certified DGR only)
Option for Cash SettlementOpen Positions that have not been closed out on the Last Day of Trading are subject to cash settlement as per gold cash settlement price declared by the Exchange
Trading
SymbolDS
Contract Size100 troy ounces. (1 kg)
Quality Specification0.999 purity, as per Dubai Good Delivery Standard
Trading MonthsMar, Jul, Sep and Dec
Last Trading DayThird last Business Day of the month falling immediately before the Delivery Month
New Contract ListingBusiness Day immediately following Last Trading Day of Expiring Contract
Price QuoteUS$ quoted in Cents per troy ounce
Tick SizeUS$ 0.005 (US $ 5 per contract)
Price Movement LimitUS$ quoted in Cents – 50 Cents – Note 1*
Max Open Position LimitAs determined and specified by the Exchange
Max Order Size200 contracts
Trading DaysMonday through to Friday
Trading Hours07:00 – 23:30 Hours Dubai time (GMT+4)
Wholesale TradesEFS, EFP, Block trade facilities available
Margins
Initial Margin based on SPANClick on the “Initial Margin” TAB
Calendar Spread Position MarginDepending upon each class of asset, spread position margin (Calendar spread margin) is charged using the SPAN framework. In case of Gold, 100% benefit is offered on calendar spread margins
Extra MarginIn case of additional volatility, an Extra Margin as deemed fit by the Exchange; may be imposed on all open positions
Delivery Period MarginFive (5) times of the Initial Margins
Delivery & Cash Settlement related information
Delivery Unit 30 KG
Deliverable Weight30 Kilograms cast in one bar of 1,000 troy ounces (10% more or less)
Deliverable QualityMinimum 0.999 fineness – Note 2*
Approved CMI / AssayersNames as listed on the DGCX website
Approved RefinersNames as listed on the DGCX website
Approved VaultsNames as listed on the DGCX website
Delivery PeriodFirst through Fifth Delivery Day of the Delivery Month
First Notice DayBusiness Day immediately preceding First Delivery Day
Last Notice Day Business Day immediately preceding Fifth Delivery Day
Delivery ProcessThe Matching of Buyers and Sellers for Gold delivery will be completed on a time priority basis upon receipt of their Tender/ Delivery Notices
Vault chargesRates applicable as published on the DGCX website
Delivery InstrumentDubai Gold Receipt (i.e. Standard DGR along with validated Refiner’s certificate or CMI-Certified DGR only)
Option for Cash SettlementOpen Positions that have not been closed out on the Last Day of Trading are subject to cash settlement as per gold cash settlement price declared by the Exchange
Silver Cash Settlement PriceThe Final Silver cash settlement price for Silver Futures at the Close on the Last Day of Trading shall be the settlement price as made public by COMEX for the delivery month which corresponds to the applicable DGCX Delivery Month
Trading
SymbolDCU
Contract Size5MT
Underlying AssetDGCX Copper Futures
Pricing
Price QuoteUS$ per MT
Minimum Tick SizeUS$ 0.10 (US $ 3.2 per contract)
Final Cash Settlement Price BasisThe front month settlement price for Copper futures as made public by COMEX for the Last Day of Trading of the DGCX front month contract, converted using conversion factor of 2,204.623 to MT and rounded to the nearest DCU tick.
Daily Price Movement LimitNo Limit – Note 1*
Quality SpecificationGrade 1Electrolytic Copper Cathodes (full plate or cut) conforming to the American Society for Testing and Materials (B115-00), or its latest revision.
Trading MonthsMarch, May, July, September, December. Minimum five (5) Contracts shall be listed for trading at all time
Last Trading DayThird last business day of the month preceding the Delivery Month
Trading DaysMonday through to Friday
Trading Hours07:00 – 23:30 Hours Dubai time (GMT+4)
New Contract ListingBusiness Day immediately following the Last Day of Trading
EFP / EFS/Block TradesAs per DGCX By-Laws Minimum Block size permitted is 200 contracts
Time Limit for EFP/EFS/Block Trade RegistrationUp to 15 minutes after cessation of trading on any Trading Day.
Position Limits
Max Open Position LimitAs determined by the Exchange from time to time
Max Order Size200 contracts
SpecificationParameters
Contract SymbolDIG
UnderlyingIndia Gold
Contract Size1
Price QuoteUSD 1.00X Indian Gold Futures Price quoted in INR per 10gms (e.g. Bid 27575 / Offer 27,576)
Tick SizeUSD 1.00
Tick ValueUSD 1.00
Wholesale TradesEFS, EFP, Block trade facilities available
Daily Price Movement LimitNo Limits*
Maximum Order Size500 contracts for Banks and institutions promoted by Banks. All other entities 200 contracts
Settlement TypeCash settlement in USD
Final Cash Settlement Price BasisThe Final Cash Settlement Price basis shall be the benchmark reference Gold futures pricepublically available in India that corresponds to the DGCX Contract Month
Trading MonthsFebruary, April, June, August, October, December (Six contracts at any given point of time)
Trading DaysMonday through to Friday
Trading HoursDGCX Trading Hours
Last Day of TradingThe Last Day of Trading for Gold Quanto Futures Contracts is the second last Day of Tradingof the month immediately preceding the Delivery month
New Contract ListingBusiness Day immediately following the Last Day of Trading
Sr.CommodityMinimum Initial MarginCalendar Spread BenefitTender / Delivery Margin
1Gold$ 1,200 per contract100%$ 6,500 per contract
2India Gold “Quanto”$ 950 per contract100%No Tender Margin
3Silver$ 700 per contract100%$ 4,500 per contract
4Euro $ 1,100 per contract100%No Tender Margin
5Sterling Pound $ 1,000 per contract100%No Tender Margin
6Japanese Yen $ 900 per contract100%No Tender Margin
7Indian Rupee$ 600 per contract100%No Tender Margin
8Indian Rupee “Quanto”$ 120 per contract100%No Tender Margin
9Mini Indian Rupee$ 60 per contract100%No Tender Margin
10Australian Dollar$ 800 per contract100%No Tender Margin
11Canadian Dollar$ 600 per contract100%No Tender Margin
12Swiss Franc$ 1,500 per contract100%No Tender Margin
13WTI Light Sweet Crude Oil$ 3,000 per contract100%No Tender Margin
14Mini Polypropylene (PP)$ 200 per contract100%No Tender Margin
15Polypropylene (PP)$ 1,000 per contract100%$ 10,000 per contract
16Copper$ 1,000 per contract100%No Tender Margin
17SENSEX$ 900 per contract100%No Tender Margin
18MSCI India (INR, PRICE) Index$ 900 per contract100%No Tender Margin
19MSCI India (USD, NTR) Index$ 1,100 per contract100%No Tender Margin
20Mini INR EuroEuro 120 per contract100%No Tender Margin
21 Mini INR GBPGBP 100 per contract100%No Tender Margin
22USD/RUBRUB 115,000 per contract100%No Tender Margin
23USD/KRWKRW 875,000 per contract100%No Tender Margin
24USD/ZARZAR 13,000 per contract100%No Tender Margin
Contract SymbolContract MonthTrading Start DateLast Trading Date
DIG–20150730Aug–20155–Jun–1530–Jul–15
DIG–20150929Oct–20155–Jun–1529–Sep–15
DIG–20151127Dec–20155–Jun–1527–Nov–15
DIG–20160128Feb–20165–Jun–1528–Jan–16
DIG–20160330Apr-20165–Jun–1530–Mar-16
DIG–20160530Jun–20165–Jun–1530–May–16
DIG–20150730–20150929Aug–2015-Oct–20155–Jun–1530–Jul–15
DIG–20150929–20151127Oct–2015–Dec–20155–Jun–1529–Sep–15
Withdrawal Details