Gold Futures |
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Dubai has a longstanding history and an established trade in precious metals. 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).
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Product Specification
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| Trading
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| 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 |
Business Day immediately preceding sixth Delivery Day |
| 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$ 30 - Note 1* |
| Max Order Size |
200 contracts |
| Trading Days |
Monday through to Friday |
| Trading Hours |
08:30 - 23:30 Hours Dubai time (GMT+4) |
| Wholesale Trades |
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
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Margin
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| Margins
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| Initial Margin based on SPAN |
US$ 1,200 per contract ( Subject to change) |
| 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 |
US$ 5,000 per contract is applicable during the last six trading days for all open long or short positions that have not been liquidated |
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Delivery Related Information
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| Delivery related information
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| 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 through to sixth delivery day of the delivery month |
| First Notice Day |
Business Day immediately preceding First Delivery Day |
| Last Notice Day |
Business Day immediately preceding Sixth Delivery Day |
| Delivery Process |
Compulsory Delivery as allocated by the Exchange on a random basis |
| 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) |
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