Gold Trading Sets Record in Dubai

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Trading volumes on the Dubai Gold & Commodities Exchange (DGCX) witnessed a new daily trading record on Tuesday, July 26, leading the Exchange to record its highest ever daily volume of 176,645 contracts valued at USD 3.6 Bn.

The new daily volume record surpasses the previous high of 150,570 contracts registered on June 24, 2016, recording an increase of 17%.

More importantly, the Exchange also recorded the highest daily Open Interest (OI) of 344,610 contracts valued at USD 6 Bn.

Gaurang Desai, CEO of DGCX, said; “We are delighted to see the Exchange set this record as it affirms that our market participants are confident with taking positions and managing their risk efficiently and effectively on the DGCX platform, especially when the markets are surrounded by uncertainty influenced by geo-economic developments.”

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