Gold Futures

Gold futures

Symbol

Contract Size

Quality Specification

Trading Months

Last Trading Day

New Contract Listing

Price Quote

Tick Size

Price Movement Limit

Max Order Size

Trading Days

Trading Hours

Wholesale Trades

DG

32 troy ounces. (1 kg)

0.995 purity, as per Dubai Good Delivery Standard

Feb, Apr, Jun, Aug, Oct and Dec

Third last business day of the month preceding the Delivery Month

Business day immediately following last trading day

US$ per troy ounce

US$ 0.10 (US $ 3.2 per contract)

US$ 20 - Note 1*

200 contracts

Monday through to Friday

07:00 - 23:30 Hours Dubai time (GMT+4)

EFS, EFP, Block trade facilities available

Note 1*: If price breaches the daily price movement limit, trading in particular contract shall continue, with the new trading price range without any cooling period

Initial Margin based on SPAN

Calendar Spread Position Margin

Extra Margin

Delivery Period Margin

Click on the "Initial Margin" TAB

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.

In time of high volatility, an extra margin as deemed fit by the Exchange may be imposed on all open positions

Five (5) times of the Initial Margins

Delivery Unit

Deliverable Weight

Deliverable Quality

Approved CMI / Assayers

Approved Refiners

Approved Vaults

Delivery Period

Notice Day

Delivery Process

Vault charges

Delivery Instrument

Option for Cash Settlement

1 Kg (31.99 troy ounces)

1 Kilogram cast in one bar

In time of high volatility, an extra margin as deemed fit by the Exchange may be imposed on all open positions

0.995 fineness

Names as listed on the DGCX website

Names as listed on the DGCX website

Names as listed on the DGCX website

First Day of the Delivery Month

The Matching of Buyers and Sellers for Gold delivery will be completed on a time priority basis upon receipt of their Tender/ Delivery Notices

Rates applicable as published on the DGCX website

Dubai Gold Receipt (i.e. Standard DGR along with validated Refiner's certificate or CMI-Certified DGR only)

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