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 Specifications

ContractParameters
Contract TypeFuture
Contract NameIndia Gold Quanto
Contract SymbolDIG
Underlying1 Indian Gold Quanto Futures Contract
Contract Size1 lot
Notional Contract Value1 x Indian Gold Futures Price
Trading CurrencyUSD
Settlement CurrencyUSD
Price QuoteUSD per 1 Indian Gold Futures Contract
Tick Size1
Tick ValueUS$ 1
Settlement BasisCash 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 DaysExchange Business Days
Trading Hours07:00 – 23:55 Hours Dubai time 07:00 – 22:25 (LTD) 07:00 – 22:00 (Daylight Saving Time) (LTD)
Trading MonthsFebruary, April, June, August, October and December
New Contract ListingBusiness Day immediately following the Last Trading Day
Max Order Size200 Lots
Wholesale TradesBlock Trade minimum size threshold: 50 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution
No Cancellation RangeSee link: www.dgcx.ae/price-limits

Contract Calendar

Expiry MonthExpiry CodeLast Trading Day
Nov'19DIG-2019112828-Nov-19
Jan'20DIG-2020013030-Jan-20
Mar'20DIG-2020033030-Mar-20
May'20DIG-2020052828-May-20
Jul'20DG-2020073030-Jul-20
Sep'20DG-2020092929-Sep-20