Gold is one of the oldest, safest and well-known products used for investment in the history of human existence. The investments in gold have traditionally been to hedge against inflation. For majority of the diversified investment funds, gold is a must have product in the portfolio.

DGCX is adding a new contract to its precious metal futures contracts, Daily Gold Futures Contract which will provide those investors who wants to even further diversify their portfolio and seeking for efficient investment opportunity. The contract will be physically delivered for all open positions held at the end of each trading day.

  • Compulsory physical delivery of allocated 12.5 Kilogram gold bars from approved Refineries
  • Transparent pricing and defined delivery intention, revocation and substitution processes and timelines
  • Traded in USD with a tick size of USD 0.01 per troy ounce and Tick value of USD 4.00 per lot
  • Traded on a federally regulated and risk managed platform offering safety and price transparency
  • Only specific DGD bars accepted as deliverable brands under the contract
  • End to end solution for physical storage and delivery handling as per participants’ request

Contract Specifications

Contract TypeDaily Gold Futures Contract
Contract NameDaily Gold Futures Contract
Contract SymbolDGFC
Underlying400 troy ounce gold bar of “Dubai Good Delivery” specification
Contract Size400 troy ounces
Notional Contract Value400 x price
Trading CurrencyUSD
Settlement CurrencyUSD
Price QuoteUS Dollars per Troy Ounce
Tick SizeUS$ 0.01
Tick ValueUS$ 4.00
Settlement BasisPhysical Delivery
Final Cash Settlement Price (FCSP)FCSP shall be the Daily Settlement Price on each trading day.
Trading DaysExchange Business Days
Delivery DayEach succeeding Business Day
Trading Hours07:00 – 18:00 Hours Dubai time
Max Order Size200 Lots
Wholesale TradesBlock Trade minimum size threshold: 5 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution
Delivery ProcessDelivery through DMCC Tradeflow system. On T+1 pay-in of funds and delivery-in of Gold Warrant to DMCC by 08:00. Pay-out of funds and delivery-out of Gold Warrant between 10:00 and 12:00
Delivery MarginSee link:
No Cancellation RangeSee link: