Commodities Buzz: Dubai Spot Gold Contract Sees Excellent Participation

The worlds only exchange traded Shariah Compliant Spot Gold contract (DGSG), which listed on the DGCX on March 29th, has been witnessing good interest, trading over 314 kilograms of gold worth USD 13.39 million since inception. The contracts success reinforced the strong trading activity of the Exchanges other gold products, with trade volumes of DGCXs Shanghai Gold Futures growing in April by 678% year-to-date, and India Gold Quanto Futures growing by 73% year-on-year. DGCX continued its record-breaking trajectory throughout April and has now traded over 7.18 million contracts this year across all products, up 35% from last year.