DGCX volumes rise 14% in April

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• 98,322 contracts traded, valued at US $4.4 billion last month


• Daily volume averaged 4,682 contracts in April

Dubai Gold & Commodities Exchange (DGCX) continued to record a steady growth in year-on-year volumes in April with a 14% increase compared with the same month last year.
 
The Exchange traded 98,322 contracts, valued at US $4.4 billion during April. The growth was driven by higher volumes in Indian Rupee-Dollar futures, as well as gold and WTI crude oil volumes. The total average daily volume for DGCX was 4,682 contracts in April, a 19% increase on April last year.
 
“The well balanced and diversified offering of DGCX across the distinct product segments of precious metals, energy and currencies has supported year to date volume growth, said Malcolm Wall Morris, Chief Executive Officer, DGCX.
 
Volume for gold futures grew by 173% month-on-month, valued at US $1.3 billion. Trading in Indian Rupee-Dollar futures also more than doubled this month, encouraged by contract changes at the end of last year and a recent awareness campaign.  
 
As part of our efforts to enhance awareness and knowledge of derivatives trading in the Gulf region, we have recently launched new initiatives. These include specialised training programmes on futures trading for end clients and new entrants, as well as seminars specifically focusing on the advantages of using Indian Rupee-Dollar futures contracts”, added Malcolm Wall Morris. 
 
 

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