DGCX reports 16% growth in total volume of trades in 2022 – Gulf Today

DGCX reports 16% growth in total volume of trades in 2022 – Gulf Today

DGCX reported a 78% increase in the volume of gold contracts traded on the exchange.

Dubai Gold and Commodities Exchange (DGCX), the largest and most diversified derivatives exchange in the Middle East, on Thursday announced its full-year market statistics for 2022, reporting a total of 8.239 million contracts with a total value of $162.01 billion during the year, representing growth of 16 per cent and 8.24 per cent, respectively.

With inflation rising steadily over the course of 2022, investors increasingly turned to gold, with DGCX reporting a 78 per cent increase in the volume of gold contracts traded on the exchange compared to the previous year.

Throughout the year, Dubai Gold and Commodities Exchange saw steady trading in Indian Rupee, as market participants looked to hedge their exposure to one of the world’s fastest-growing economies.

Dubai Gold and Commodities Exchange also saw volume growth for the Yen,