Latest news with #DGCX
See - Sada Elbalad
4 days ago
- Business
- See - Sada Elbalad
Dubai Gold & Commodities Exchange (DGCX) Records Record Growth in Trading Volumes as Global Investment Demand for Gold Rises
Waleed Farouk Global gold markets continue to see strong investment demand, particularly from North America, while the precious metal strengthens its position as a key international monetary asset and a safe-haven hedge against risks. According to a report issued by the Dubai Gold & Commodities Exchange—the Middle East's largest digital trading platform—the number of contracts traded by the end of June surpassed one million, marking a 30% year-on-year increase in average daily trading volumes. The report also noted that the value of spot gold contract trades soared by nearly 200% compared to the first half of 2024. Among the exchange's products, the Shariah-compliant Gold Spot Contract (DGSG) emerged as a top performer, with traded value climbing to $46.8 million in the first half of 2025, up from $15.6 million during the same period in 2024. 'We have seen exceptional momentum in the first half of the year, with nearly USD 47 million traded through our spot gold contract alone—a 200% year-on-year increase—and a 30% rise in daily volumes across the exchange, driven by strong demand for DGSG and INR Quanto futures,' said Ahmed Bin Sulayem, Chairman and CEO of DGCX. 'This performance not only puts DGCX firmly on track to surpass its 2024 results but also reinforces its role as a critical pillar in the region's financial infrastructure. As global markets grow increasingly complex, the continued adoption of our platform by Shariah-compliant investors, bullion traders, and institutional participants underscores the rising demand for sophisticated, secure, and transparent hedging tools,' he added. These figures highlight Dubai's expanding role as a key global gold trading hub. In a previous report, the Dubai Multi Commodities Centre (DMCC) revealed significant growth in gold flows through the emirate, stating that $129 billion worth of gold passed through Dubai in 2024—a 36% increase from the previous year. The gold and precious metals sector remains a cornerstone of DMCC's ecosystem, with more than 1,500 companies operating in the industry. DGCX plays an essential role in providing the physical and financial trading infrastructure that supports Dubai's position as one of the world's largest gold trading centers. Although elevated prices have recently prompted some investors to scale back their activity, analysts expect strong demand for gold to persist throughout 2025, particularly from Asian markets. Experts note that Chinese investors, in particular, have limited options for protecting their capital, making gold the most reliable asset to preserve value amid an uncertain economic environment. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language
Economy ME
24-07-2025
- Business
- Economy ME
Dubai Gold and Commodities Exchange reports over 1 million contracts traded in H1 2025, 30 percent YoY growth
Dubai Gold and Commodities Exchange ( DGCX ) has reported a strong performance in the first half of 2025, with over 1 million contracts traded by the end of June, representing a 30 percent year-on-year increase in average daily volumes. This notable performance underscores the growing demand for hedging instruments in the face of global market volatility, with gold contracts and the INR Quanto product driving increased trading activity. The highlight of this period was DGCX's Shariah-compliant Gold Spot Contract (DGSG), which saw the trade value surge from $15.6 million in H1 2024 to $46.8 million in H1 2025 – an astonishing 199.84 percent year-on-year increase. In terms of volume, DGSG contracts experienced a rise of 118 percent over the past twelve months. The INR Quanto futures contract, a synthetic instrument allowing global market participants to hedge Indian rupee exposure against the US dollar without needing access to the underlying Indian markets, continued to garner significant trading interest. This increasing popularity highlights its role as a crucial regional risk management tool amid ongoing fluctuations in the foreign exchange market. Read more: Dubai Gold and Commodities Exchange joins Arab Federation of Capital Markets committee Record trading volumes Ahmed Bin Sulayem, chairman and chief executive officer of DGCX, stated: 'DGCX has seen exceptional momentum in the first half of the year, with nearly $47 million traded through our spot gold contract alone – a 200 percent year-on-year increase – and a 30 percent rise in daily volumes across the exchange driven by demand for DGSG and INR Quanto futures. This performance not only places DGCX firmly on course to surpass its 2024 results but reinforces its role as a critical pillar in the region's financial infrastructure. As global market conditions grow more complex, the exchange's rising adoption by Shariah-based investors, bullion traders, and institutional participants alike highlights the growing demand and broad appeal for sophisticated, secure, and transparent hedging tools – a position we expect will get stronger as we continue to reinforce Dubai's standing as a world-class centre for commodities and derivatives trading.' As part of DMCC's dedicated support for the precious metals industry, DGCX plays a pivotal role in establishing Dubai's reputation as one of the world's largest trading hubs for gold. With over 1,500 member companies operating in the gold and precious metals sector within DMCC, the exchange enhances the international district's broader offering in physical and financial trading infrastructure. The strong performance in H1 2025 builds upon DGCX's full-year results from 2024, which saw 1.56 million contracts traded with a notional value exceeding $37 billion. The exchange is well-positioned to exceed that figure in 2025, further solidifying its status as the region's leading derivatives marketplace.
Arab News
23-07-2025
- Business
- Arab News
DGCX reports 30% rise in trade volumes in H1 2025
RIYADH: The Dubai Gold and Commodities Exchange witnessed 1 million contracts traded during the first half of this year, representing a 30 percent rise in average daily volumes compared to the same period in 2024. In a press statement, DGCX attributed the growth to heightened demand for hedging instruments amid global market volatility, with gold contracts and Indian Rupee Quanto products leading the uptick in trading activity. According to the report, DGCX's Shariah-compliant Gold Spot Contract led this growth, with value of trades reaching $46.8 million in the first six months, marking a significant 199.84 percent year-on-year rise. Established in 2005 and owned by the Dubai Multi Commodities Center, DGCX plays a pivotal role in Dubai's status as one of the world's largest gold trading hubs. With over 1,500 member companies operating in the gold and precious metals sector within DMCC, the exchange complements the international district's broader offering in physical and financial trading infrastructure. 'DGCX has seen exceptional momentum in the first half of the year, with nearly $47 million traded through our spot gold contract alone,' said Ahmed Bin Sulayem, chairman and CEO of DGCX. The statement further said that INR Quanto futures contract, a synthetic contract that enables global market participants to hedge Indian rupee exposure against the US dollar without requiring access to the underlying Indian markets, also continued to attract strong trading interest. 'This performance not only places DGCX firmly on course to surpass its 2024 results but reinforces its role as a critical pillar in the region's financial infrastructure,' said Sulayem. He added: 'As global market conditions grow more complex, the exchange's rising adoption by Shariah-based investors, bullion traders, and institutional participants alike highlights the growing demand and broad appeal for sophisticated, secure, and transparent hedging tools – a position we expect will get stronger.' The statement added that DGCX saw 1.56 million contracts traded with a notional value exceeding $37 billion in 2024, and the exchange is well on track to surpass that figure in 2025. In May, DGCX announced its acceptance to join the Arab Federation of Capital Markets' Business Development Committee. In a statement at the time, DGCX said that the appointment reflects the exchange's expertise in regulatory oversight, risk management, and product innovation, reinforcing its position as a leading regional player in derivatives trading and financial market infrastructure. The AFCM, established in 1978 as the principal body for Arab stock exchanges, plays a critical role in enhancing collaboration and standardising best practices across the region.
Emirates 24/7
23-07-2025
- Business
- Emirates 24/7
DGCX Reports Strong H1 2025 Performance With Over 1 Million Contracts
DGCX has announced a robust performance in the first half of 2025, with over 1 million contracts traded by the end of June, marking a 30% year-on-year increase in average daily volumes. The strong performance reflects the heightened demand for hedging instruments amid global market volatility, with gold contracts and the INR Quanto product leading the uptick in trading activity. The standout performer of the period was DGCX's Shariah-compliant Gold Spot Contract (DGSG), which saw the value of trades increase from USD 15.6 million in H1 2024 to USD 46.8 million in H1 2025 – a remarkable 199.84% year-on-year increase. In volume terms, DGSG contracts rose 118% in the 12 months. The INR Quanto futures contract, a synthetic contract that enables global market participants to hedge Indian rupee exposure against the US dollar without requiring access to the underlying Indian markets, continued to attract strong trading interest. This growing popularity signifies its importance as a regional risk management tool amid ongoing FX market fluctuations. Ahmed Bin Sulayem, Chairman and Chief Executive Officer, DGCX, said: 'DGCX has seen exceptional momentum in the first half of the year, with nearly USD 47 million traded through our spot gold contract alone – a 200% year-on-year increase – and a 30% rise in daily volumes across the exchange driven by demand for DGSG and INR Quanto futures. This performance not only places DGCX firmly on course to surpass its 2024 results but reinforces its role as a critical pillar in the region's financial infrastructure. As global market conditions grow more complex, the exchange's rising adoption by Shariah-based investors, bullion traders, and institutional participants alike highlights the growing demand and broad appeal for sophisticated, secure, and transparent hedging tools – a position we expect will get stronger as we continue to reinforce Dubai's standing as a world-class centre for commodities and derivatives trading.' Part of DMCC's dedicated support for the precious metals industry, DGCX plays a pivotal role in Dubai's status as one of the world's largest trading hubs for gold. With over 1,500 member companies operating in the gold and precious metals sector within DMCC, the exchange complements the international district's broader offering in physical and financial trading infrastructure. The strong H1 2025 performance builds on DGCX's full-year 2024 results, which saw 1.56 million contracts traded with a notional value exceeding USD 37 billion. The exchange is well on track to surpass that figure in 2025, reinforcing its position as the region's leading derivatives marketplace.
Al Bawaba
23-07-2025
- Business
- Al Bawaba
DGCX Reports Strong H1 2025 Performance With Over 1 Million Contracts, Led by Increased Gold and INR Quanto Futures Demand
DGCX has announced a robust performance in the first half of 2025, with over 1 million contracts traded by the end of June, marking a 30% year-on-year increase in average daily volumes. The strong performance reflects the heightened demand for hedging instruments amid global market volatility, with gold contracts and the INR Quanto product leading the uptick in trading standout performer of the period was DGCX's Shariah-compliant Gold Spot Contract (DGSG), which saw the value of trades increase from USD 15.6 million in H1 2024 to USD 46.8 million in H1 2025 – a remarkable 199.84% year-on-year increase. In volume terms, DGSG contracts rose 118% in the 12 months. The INR Quanto futures contract, a synthetic contract that enables global market participants to hedge Indian rupee exposure against the US dollar without requiring access to the underlying Indian markets, continued to attract strong trading interest. This growing popularity signifies its importance as a regional risk management tool amid ongoing FX market Bin Sulayem, Chairman and Chief Executive Officer, DGCX, said: 'DGCX has seen exceptional momentum in the first half of the year, with nearly USD 47 million traded through our spot gold contract alone – a 200% year-on-year increase – and a 30% rise in daily volumes across the exchange driven by demand for DGSG and INR Quanto performance not only places DGCX firmly on course to surpass its 2024 results but reinforces its role as a critical pillar in the region's financial global market conditions grow more complex, the exchange's rising adoption by Shariah-based investors, bullion traders, and institutional participants alike highlights the growing demand and broad appeal for sophisticated, secure, and transparent hedging tools – a position we expect will get stronger as we continue to reinforce Dubai's standing as a world-class centre for commodities and derivatives trading.'Part of DMCC's dedicated support for the precious metals industry, DGCX plays a pivotal role in Dubai's status as one of the world's largest trading hubs for gold. With over 1,500 member companies operating in the gold and precious metals sector within DMCC, the exchange complements the international district's broader offering in physical and financial trading infrastructure. The strong H1 2025 performance builds on DGCX's full-year 2024 results, which saw 1.56 million contracts traded with a notional value exceeding USD 37 billion. The exchange is well on track to surpass that figure in 2025, reinforcing its position as the region's leading derivatives marketplace.
