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
Contract Parameters 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: www.dgcx.ae/price-limits
Expiry Month Expiry Code Last 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