DGCX traded $13.68bn worth contracts in Feb amid market volatility

DGCX traded $13.68bn worth contracts in Feb amid market volatility

The Dubai Gold & Commodities Exchange (DGCX) has recorded trade with a total value of $13.681 billion in February 2022, in light of the global markets’ response to rising inflation, escalating oil prices as well as the Russian – Ukrainian conflict, which resulted in continued volatility during the last week of the month.

During February, the exchange registered a monthly Average Open Interest (AOI) of 125,206 contracts and witnessed its precious metals’ portfolio lead trading activity.

DGCX’s Gold Futures Contract posted a year-on-year (Y-O-Y) Average Daily Volume (ADV) growth of 734 percent, while its Silver Futures Contract registered a rise of 75 percent.

Further, the Group witnessed a rise in Indian Rupee (INR) trading, with its Rupee Mini Futures Contract, Rupee Options Contract and Rupee Weekly Contracts registering a growth of 67 percent, 206 percent and 87 percent, respectively.

DGCX’s West Texas Intermediary (WTI) Futures gained traction following increased volatility in oil markets, with a Y-O-Y ADV growth of 136 percent.

Les Male

CEO – DGCX “Volatility has been a recurring theme over the past few months, with investors and traders continuing to grapple with inflation, oil prices and geopolitical developments. Against this backdrop, we have seen our precious metals’ portfolio lead trading activity on the