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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 | |
|---|---|
| Symbol | DG |
| Contract Size | 32 troy ounces. (1 kg) |
| Quality Specification | 0.995 purity, as per Dubai Good Delivery Standard |
| Trading Months | Feb, Apr, Jun, Aug, Oct and Dec |
| Last Trading Day | Third last business day of the month preceding the Delivery Month |
| New Contract Listing | Business day immediately following last trading day |
| Price Quote | US$ per troy ounce |
| Tick Size | US$ 0.10 (US $ 3.2 per contract) |
| Price Movement Limit | US$ 20 – Note 1* |
| Max Order Size | 200 contracts |
| Trading Days | Monday through to Friday |
| Trading Hours | 07:00 – 23:30 Hours Dubai time (GMT+4) |
| Wholesale Trades | EFS, EFP, Block trade facilities available |
| Margins | |
| Initial Margin based on SPAN | Click on the “Initial Margin” TAB |
| Calendar Spread Position Margin | Depending 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 Margin | In time of high volatility, an extra margin as deemed fit by the Exchange may be imposed on all open positions |
| Delivery Period Margin | Five (5) times of the Initial Margins |
| Delivery related information | |
| Delivery Unit | 1 Kg (31.99 troy ounces) |
| Deliverable Weight | 1 Kilogram cast in one bar |
| Deliverable Quality | 0.995 fineness |
| Approved CMI / Assayers | Names as listed on the DGCX website |
| Approved Refiners | Names as listed on the DGCX website |
| Approved Vaults | Names as listed on the DGCX website |
| Delivery Period | First Day of the Delivery Month |
| Notice Day | Last Day of trading of the Delivery Month |
| Delivery Process | The Matching of Buyers and Sellers for Gold delivery will be completed on a time priority basis upon receipt of their Tender/ Delivery Notices |
| Vault charges | Rates applicable as published on the DGCX website |
| Delivery Instrument | Dubai Gold Receipt (i.e. Standard DGR along with validated Refiner’s certificate or CMI-Certified DGR only) |
| Option for Cash Settlement | Open 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 | |
|---|---|
| Symbol | DS |
| Contract Size | 100 troy ounces. (1 kg) |
| Quality Specification | 0.999 purity, as per Dubai Good Delivery Standard |
| Trading Months | Mar, Jul, Sep and Dec |
| Last Trading Day | Third last Business Day of the month falling immediately before the Delivery Month |
| New Contract Listing | Business Day immediately following Last Trading Day of Expiring Contract |
| Price Quote | US$ quoted in Cents per troy ounce |
| Tick Size | US$ 0.005 (US $ 5 per contract) |
| Price Movement Limit | US$ quoted in Cents – 50 Cents – Note 1* |
| Max Open Position Limit | As determined and specified by the Exchange |
| Max Order Size | 200 contracts |
| Trading Days | Monday through to Friday |
| Trading Hours | 07:00 – 23:30 Hours Dubai time (GMT+4) |
| Wholesale Trades | EFS, EFP, Block trade facilities available |
| Margins | |
| Initial Margin based on SPAN | Click on the “Initial Margin” TAB |
| Calendar Spread Position Margin | Depending 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 Margin | In case of additional volatility, an Extra Margin as deemed fit by the Exchange; may be imposed on all open positions |
| Delivery Period Margin | Five (5) times of the Initial Margins |
| Delivery & Cash Settlement related information | |
| Delivery Unit | 30 KG |
| Deliverable Weight | 30 Kilograms cast in one bar of 1,000 troy ounces (10% more or less) |
| Deliverable Quality | Minimum 0.999 fineness – Note 2* |
| Approved CMI / Assayers | Names as listed on the DGCX website |
| Approved Refiners | Names as listed on the DGCX website |
| Approved Vaults | Names as listed on the DGCX website |
| Delivery Period | First through Fifth Delivery Day of the Delivery Month |
| First Notice Day | Business Day immediately preceding First Delivery Day |
| Last Notice Day | Business Day immediately preceding Fifth Delivery Day |
| Delivery Process | The Matching of Buyers and Sellers for Gold delivery will be completed on a time priority basis upon receipt of their Tender/ Delivery Notices |
| Vault charges | Rates applicable as published on the DGCX website |
| Delivery Instrument | Dubai Gold Receipt (i.e. Standard DGR along with validated Refiner’s certificate or CMI-Certified DGR only) |
| Option for Cash Settlement | Open 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 Price | The 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 | |
|---|---|
| Symbol | DCU |
| Contract Size | 5MT |
| Underlying Asset | DGCX Copper Futures |
| Pricing | |
| Price Quote | US$ per MT |
| Minimum Tick Size | US$ 0.10 (US $ 3.2 per contract) |
| Final Cash Settlement Price Basis | The 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 Limit | No Limit – Note 1* |
| Quality Specification | Grade 1Electrolytic Copper Cathodes (full plate or cut) conforming to the American Society for Testing and Materials (B115-00), or its latest revision. |
| Trading Months | March, May, July, September, December. Minimum five (5) Contracts shall be listed for trading at all time |
| Last Trading Day | Third last business day of the month preceding the Delivery Month |
| Trading Days | Monday through to Friday |
| Trading Hours | 07:00 – 23:30 Hours Dubai time (GMT+4) |
| New Contract Listing | Business Day immediately following the Last Day of Trading |
| EFP / EFS/Block Trades | As per DGCX By-Laws Minimum Block size permitted is 200 contracts |
| Time Limit for EFP/EFS/Block Trade Registration | Up to 15 minutes after cessation of trading on any Trading Day. |
| Position Limits | |
| Max Open Position Limit | As determined by the Exchange from time to time |
| Max Order Size | 200 contracts |
| Specification | Parameters |
|---|---|
| Contract Symbol | DIG |
| Underlying | India Gold |
| Contract Size | 1 |
| Price Quote | USD 1.00X Indian Gold Futures Price quoted in INR per 10gms (e.g. Bid 27575 / Offer 27,576) |
| Tick Size | USD 1.00 |
| Tick Value | USD 1.00 |
| Wholesale Trades | EFS, EFP, Block trade facilities available |
| Daily Price Movement Limit | No Limits* |
| Maximum Order Size | 500 contracts for Banks and institutions promoted by Banks. All other entities 200 contracts |
| Settlement Type | Cash settlement in USD |
| Final Cash Settlement Price Basis | The Final Cash Settlement Price basis shall be the benchmark reference Gold futures pricepublically available in India that corresponds to the DGCX Contract Month |
| Trading Months | February, April, June, August, October, December (Six contracts at any given point of time) |
| Trading Days | Monday through to Friday |
| Trading Hours | DGCX Trading Hours |
| Last Day of Trading | The 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 Listing | Business Day immediately following the Last Day of Trading |
| Sr. | Commodity | Minimum Initial Margin | Calendar Spread Benefit | Tender / Delivery Margin |
|---|---|---|---|---|
| 1 | Gold | $ 1,200 per contract | 100% | $ 6,500 per contract |
| 2 | India Gold “Quanto” | $ 950 per contract | 100% | No Tender Margin |
| 3 | Silver | $ 700 per contract | 100% | $ 4,500 per contract |
| 4 | Euro | $ 1,100 per contract | 100% | No Tender Margin |
| 5 | Sterling Pound | $ 1,000 per contract | 100% | No Tender Margin |
| 6 | Japanese Yen | $ 900 per contract | 100% | No Tender Margin |
| 7 | Indian Rupee | $ 600 per contract | 100% | No Tender Margin |
| 8 | Indian Rupee “Quanto” | $ 120 per contract | 100% | No Tender Margin |
| 9 | Mini Indian Rupee | $ 60 per contract | 100% | No Tender Margin |
| 10 | Australian Dollar | $ 800 per contract | 100% | No Tender Margin |
| 11 | Canadian Dollar | $ 600 per contract | 100% | No Tender Margin |
| 12 | Swiss Franc | $ 1,500 per contract | 100% | No Tender Margin |
| 13 | WTI Light Sweet Crude Oil | $ 3,000 per contract | 100% | No Tender Margin |
| 14 | Mini Polypropylene (PP) | $ 200 per contract | 100% | No Tender Margin |
| 15 | Polypropylene (PP) | $ 1,000 per contract | 100% | $ 10,000 per contract |
| 16 | Copper | $ 1,000 per contract | 100% | No Tender Margin |
| 17 | SENSEX | $ 900 per contract | 100% | No Tender Margin |
| 18 | MSCI India (INR, PRICE) Index | $ 900 per contract | 100% | No Tender Margin |
| 19 | MSCI India (USD, NTR) Index | $ 1,100 per contract | 100% | No Tender Margin |
| 20 | Mini INR Euro | Euro 120 per contract | 100% | No Tender Margin |
| 21 | Mini INR GBP | GBP 100 per contract | 100% | No Tender Margin |
| 22 | USD/RUB | RUB 115,000 per contract | 100% | No Tender Margin |
| 23 | USD/KRW | KRW 875,000 per contract | 100% | No Tender Margin |
| 24 | USD/ZAR | ZAR 13,000 per contract | 100% | No Tender Margin |
| Contract Symbol | Contract Month | Trading Start Date | Last Trading Date |
|---|---|---|---|
| DIG–20150730 | Aug–2015 | 5–Jun–15 | 30–Jul–15 |
| DIG–20150929 | Oct–2015 | 5–Jun–15 | 29–Sep–15 |
| DIG–20151127 | Dec–2015 | 5–Jun–15 | 27–Nov–15 |
| DIG–20160128 | Feb–2016 | 5–Jun–15 | 28–Jan–16 |
| DIG–20160330 | Apr-2016 | 5–Jun–15 | 30–Mar-16 |
| DIG–20160530 | Jun–2016 | 5–Jun–15 | 30–May–16 |
| DIG–20150730–20150929 | Aug–2015-Oct–2015 | 5–Jun–15 | 30–Jul–15 |
| DIG–20150929–20151127 | Oct–2015–Dec–2015 | 5–Jun–15 | 29–Sep–15 |
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