Gold, a symbol of wealth and security for centuries, continues to hold an unshakable allure in the global financial market. It is seen as a safe investment for its tangible store of value, making Gold Futures trading one of the most active futures contract in the world.
At the heart of this fascination lies the Dubai Gold and Commodities Exchange (DGCX), a thriving hub for gold futures trading. In the dynamic city of Dubai, DGCX Gold Futures take center stage as a vital component of the region's bustling gold market.
In this article, we delve into the world of DGCX Gold Futures, exploring all we need to know about Gold Futures from the DGCX.
To learn more about Gold Futures, click on these articles to find out more:
3 Factors That Affect Gold Prices
5 Things To Know About Gold Futures
Gold and Silver Options from COMEX
Trading Gold Futures from Dubai Gold and Commodity Exchange
Traders can access gold futures from DGCX Dubai through Orient Futures International Singapore. DGCX products offers two gold futures contracts: Gold Futures and India Gold Quanto Futures.
Gold Futures serve as an international benchmark for gold futures prices, while India Gold Quanto Futures provide gold futures prices for gold traded in India.
Dubai Gold and Commodities Exchange DGCX Gold Futures Contract Specifications
The DGCX Exchange Gold Futures Contract has the following specifications:
The Futures Contract has a tick size of USD $0.10 per contract.
Contract months are Jan, Mar, May, Jul, Sep, Nov.
The last trading day of the contract month is two business day prior to the last Business Day of the contract month.
DGCX Trading hours are every exchange business day, at these trading hours:
7:00pm – 11:55pm (Dubai Time)
DGCX Gold Futures symbol: DG
DGCX India Gold Quanto Futures Contract Specifications
The DGCX India Gold Quanto Futures Contract has the following specifications:
The Futures Contract has a tick size of USD $1 per contract.
Contract months are Feb, Apr, Jun, Aug, Oct and Dec.
The last trading day of the contract month is seven business days prior to the 5th calendar day of the expiry month.
DGCX Trading hours are every exchange business day, at these trading hours:
7:00pm – 11:55pm (Dubai Time)
7:00am – 10:00pm (Daylight Saving Time, LTD)
DGCX India Gold Quanto Futures symbol: DIG
Trading Other Gold Futures
Being a popular commodity, Orient Futures Singapore also offer other gold futures and options from different exchanges. This includes the following Gold Futures Contracts:
Asia Pacific Exchange (APEX)
Gold Perpetual Futures Contract
New York Mercantile Exchange - Comex Division (COMEX)
Gold Futures and Options
Gold TAS Futures
E-mini Gold Futures
Micro Gold Futures
Osaka Exchange Incorporated (JPX)
Gold Mini Futures
Gold Standard Futures
Thailand Futures Exchange (TFEX)
10 Baht Gold Futures
50 Baht Gold Futures
Gold Online Futures
Gold Market News
Gold Price Today
According to Orient Research Weekly Data Report on Precious Metals dated 08102023, London gold market price experienced a 0.8% decline, settling at $1,833 per ounce.
During the same period, the 10-year US Treasury yield increased to 4.8%, and inflation expectations rose to 2.32%, with real interest rates reached 2.48%. The US dollar index declined by 0.12% to 106, and the S&P 500 index saw a 0.48% increase, with the offshore yuan decreased by 0.18%, and the Shanghai gold premium made a significant resurgence.
Trading Economics reported that gold prices rose to around USD $1,850 an ounce on 9th October 2023.
Future of Gold Prices
Trading Economics expects Gold to trade at USD $1,853.05 per ounce by the end of this quarter, and USD $1916.63 in 12 months’ time.
Start Trading With Orient Futures Singapore
Being an Overseas Intermediary of Shanghai International Energy Exchange (INE), Dalian Commodity Exchange (DCE), and Zhengzhou Commodity Exchange (ZCE), when foreign clients participate in internationalised futures contracts in these Chinese markets with us, they have direct access to trading, clearing, and settlement. Our parent company, Shanghai Orient Futures, is the largest broker in terms of aggregated volume across the five regulated exchanges in China.
Orient Futures Singapore also currently holds memberships at the Singapore Exchange (SGX), Asia Pacific Exchange (APEX), and ICE Futures Singapore (ICE SG). Starting August 2023, corporate clients can also gain access to the B3 Exchange through us.
We provide bespoke services to our professional clients, tailored to their corporate and individual needs. Our team will be there for you 24 hours on trading days to provide a one-stop portal for all your trades, with simple processes and an intuitive user interface that has low or near-to-zero latency.
