India Gold Quanto Futures

  • India is well known as the biggest Gold importing country in the world. Love for Gold in India goes back millenniums and Indian households are estimated to be holding 22.000 MT of Gold. India has a well-developed gold cash market. The India Gold Quanto futures contract on DGCX platform provides a price discovery and trading avenue for the industry participants for Gold traded in India.

    DGCX trades before start and after closure of Indian market hours, which will provide a unique opportunity for traders to discover price and trade in the contract on basis of the information available to them for all international and national events.

    • Trade your views on the Indian Gold Market
    • Arbitrage opportunity with the highly correlated gold contract based on global prices.
    • Benefit from margin offset provided by DCCC for inter-commodity spreads
    • Low cost structure
    • Trade Gold futures based on the biggest Gold consumption market in the world
    • USD denominated, Cash settled
    • Tax Free – No transaction Tax, Zero Capital gains Tax
    • Tick size of USD 1
    • Extends beyond trading hours of reference market
    • Efficient margining for optimal leverage
    • No INR exchange rate risk
  • ContractParameters
    Contract Type Future
    Contract Name India Gold Quanto
    Contract Symbol DIG
    Underlying 1 Indian Gold Quanto Futures Contract
    Contract Size 1 lot
    Notional Contract Value 1 x Indian Gold Futures Price
    Trading Currency USD
    Settlement Currency USD
    Price Quote USD per 1 Indian Gold Futures Contract
    Tick Size 1
    Tick Value US$ 1
    Settlement Basis Cash Settled
    Final Cash Settlement Price (FCSP) FCSP is based on benchmark reference Gold futures price issued on Last Trading Day
    Last Trading Day (LTD) Two Business Days prior to the end of the month immediately preceding the expiry month
    Trading Days Exchange Business Days
    Trading Hours 07:00 – 23:55 Hours Dubai time
    Trading Months February, April, June, August, October and December
    New Contract Listing Business Day immediately following the Last Trading Day
    Max Order Size 200 Lots
    Wholesale Trades Block Trade minimum size threshold: 50 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution
    No Cancellation Range See link:

  • Expiry MonthExpiry CodeLast Trading Day
    Dec'18 DIG-20181129 29 Nov 2018
    Feb'19 DIG-20190130 30 Jan 2019
    Apr'19 DIG-20190328 28 Mar 2019
    Jun'19 DIG-20190530 30 May 2019
    Aug'19 DIG-20190730 30 Jul 2019
    Oct'19 DIG-20190927 27 Sep 2019