Latest news with #INRQuanto
See - Sada Elbalad
3 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
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.
Hi Dubai
23-07-2025
- Business
- Hi Dubai
DGCX Sees 30% Surge in Daily Trading Volumes in H1 2025, Led by Gold and INR Quanto Futures
The Dubai Gold & Commodities Exchange (DGCX) has reported a strong performance for the first half of 2025, with more than 1 million contracts traded by the end of June. The milestone represents a 30% year-on-year increase in average daily trading volumes, driven primarily by heightened demand for gold contracts and the increasingly popular INR Quanto futures. Among the standout performers was the DGCX's Shariah-compliant Gold Spot Contract (DGSG), which recorded a 199.84% surge in traded value, rising from USD 15.6 million in H1 2024 to USD 46.8 million in H1 2025. In terms of volume, DGSG contracts jumped by 118%, underscoring growing interest from institutional investors and Shariah-based traders seeking secure, transparent hedging options in a volatile market environment. The INR Quanto futures contract also continued to gain traction. Designed to help global participants hedge Indian rupee exposure against the US dollar without requiring direct access to Indian markets, the synthetic contract remained a preferred risk management tool amid ongoing currency fluctuations. Ahmed Bin Sulayem, Chairman and CEO of DGCX, commented: 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. This performance not only places DGCX on track to surpass 2024's results, but also highlights its growing relevance in the global financial landscape. He added that the exchange is increasingly becoming a go-to destination for bullion traders, institutional investors, and participants seeking sophisticated hedging solutions amid complex market dynamics. A subsidiary of DMCC, DGCX continues to play a central role in reinforcing Dubai's position as a major global trading hub for gold and precious metals. More than 1,500 member companies operate in this sector within DMCC, supported by a robust infrastructure for both physical and financial trading. The strong H1 2025 performance follows DGCX's successful full-year 2024 results, which recorded 1.56 million contracts valued at over USD 37 billion. With its current trajectory, the exchange is poised to outperform those figures and further strengthen its leadership in the regional derivatives market. News Source: Dubai Media Office
Zawya
23-07-2025
- Business
- Zawya
DGCX reports strong H1 2025 performance with over 1 million contracts
DGCX trades over 1 million contracts in H1 2025, a 30% increase in daily volumes year-on-year Spot gold contract volume soars nearly 200% by value traded year-on-year INR Quanto contract sees heightened activity amid regional hedging demand Dubai, UAE: 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. About DGCX The Dubai Gold & Commodities Exchange (DGCX) is the Middle East's largest digital marketplace where traders manage risk, protect value and grow portfolios. We drive liquidity in the market by offering a broad range of futures and options contracts covering base and precious metals, hydrocarbons, equities and currencies. Our members get the assurance of a highly regulated derivatives trading and clearing platform, which has global credibility and a proven settlement track record. The DGCX owns and operates the region's largest and only multi-asset Clearing House – DGCX Clearing. It is recognised as a licensed Central Clearing-Counterparty (CCP) by SCA, and a 'Recognized Clearing House' (RCH) by the Monetary Authority of Singapore (MAS). Additionally, the exchange and clearing house is also regulated by the Securities & Commodities Authority (SCA) in the UAE. Our unique location at the convergence of trade flows, time zones and commerce allow us to seamlessly fill a vital position in the global derivatives landscape, working across any market and geography and providing uninterrupted service with simple and transparent fees, benefitting from the UAE's progressive regulatory framework. For more information, please visit:
