Physical Gold Futures & Spot Gold Contracts

DGCX is expanding its precious metal product suite, Physical Gold& Spot Gold Futures Contract, these two products are created to provide an excellent source of liquidity in the gold market and can be used extensively by banks, financial institutions, and gold traders. Physical gold traders can realize value for the physical gold held by them through Banks and other Financial Institutions by participating in these contracts.

  • Physical Gold Futures are available for trading 10th, 20th, and 30th Calendar Day contracts for one month.
  • Spot Gold will be available for trading on each Business Day
  • The contract will be physically delivered, the delivery day shall be the next succeeding Business Day following the Last Trading Day.
  • Gold that is delivered under the Physical Gold Futures Contract shall be of fineness of 995.0 parts per thousand and be of “UAE Good Delivery” quality specification within the chain of custody, as determined by DMCC from time to time.

Physical Gold Contract Specifications

Contract TypePhysical Gold Futures Contract
Contract NamePhysical Gold Futures Contract
Contract SymbolDPG
Underlying0.995 purity of 1kg Gold bar of “UAE Good Delivery” specification within the chain of custody
Contract Size25kg
Notional Contract Value25 x Price
Trading CurrencyUSD
Settlement CurrencyUSD
Price QuoteUS Dollars per kg
Tick SizeUS$ 0.10
Tick ValueUS$ 2.50
Settlement BasisPhysical Delivery
Final Settlement Price (FSP)FSP is based on the publicly available reference price displayed on Last Trading Day
Last Trading Day (LTD)10th, 20th and 30th calendar days of the month. If 10th, 20th and 30th calendar days are not exchange business days, then the LTD shall be the business day prior to the 10th, 20th and 30th calendar days, respectively. In the month of February, the LTD shall be 28th / 29th calendar day of the month. If 28th / 29th calendar day is not an exchange business day, the LTD shall be the business day prior to the 28th / 29th calendar day.
Trading DaysExchange Business Days
Delivery DayBusiness Day succeeding the Last Trading Day
Trading Hours07:00 – 20:00 Hours Dubai time
Max Order Size200 Lots
Trading Months10th, 20th and 30th Calendar Day contracts for one month
New Contract ListingBusiness Day immediately following the Last Trading Day
Wholesale TradesBlock Trade facility is available.
Delivery ProcessDelivery through DMCC Tradeflow system. On the Business Day succeeding the Last Trading Day 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: www.dgcx.ae/initial-margins
No Cancellation RangeSee link: www.dgcx.ae/price-limits

Spot Gold Contract Specifications

Contract TypeSpot Gold Contract
Contract NameSpot Gold Contract
Contract SymbolDSG
Underlying0.995 purity of 1kg Gold bar of “UAE Good Delivery” specification within the chain of custody
Contract Size25kg
Notional Contract Value25 x Price
Trading CurrencyUSD
Settlement CurrencyUSD
Price QuoteUS Dollars per kg
Tick SizeUS$ 0.10
Tick ValueUS$ 2.50
Settlement BasisPhysical Delivery
Final Settlement Price (FSP)FSP shall be the Daily Settlement Price on each Exchange Business Day
Trading DaysExchange Business Days
Trading Hours07:00 – 20:00 Hours Dubai time
Max Order Size200 Lots
Wholesale TradesBlock Trade facility is available.
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: www.dgcx.ae/initial-margins
No Cancellation RangeSee link: www.dgcx.ae/price-limits

Contract Calendar

Expiry MonthExpiry CodeLast Trading DayNotice Day Delivery Day
Sep'22DPG-2022093030-Sep-2230-Sep-223-Oct-22
Oct'22DPG-202210077-Oct-227-Oct-2210-Oct-22
Oct'22DPG-2022102020-Oct-2220-Oct-2221-Oct-22