India is well known as the biggest Gold importing country in the world. Love for Gold in India goes back millenniums and Indian households are estimated to be holding 22.000 MT of Gold. India has a well-developed gold cash market. The India Gold Quanto futures contract on DGCX platform provides a price discovery and trading avenue for the industry participants for Gold traded in India.
DGCX trades before start and after closure of Indian market hours, which will provide a unique opportunity for traders to discover price and trade in the contract on basis of the information available to them for all international and national events.
- Trade your views on the Indian Gold Market
- Arbitrage opportunity with the highly correlated gold contract based on global prices.
- Benefit from margin offset provided by DCCC for inter-commodity spreads
- Low cost structure
- Trade Gold futures based on the biggest Gold consumption market in the world
- USD denominated, Cash settled
- Tax Free – No transaction Tax, Zero Capital gains Tax
- Tick size of USD 1
- Extends beyond trading hours of reference market
- Efficient margining for optimal leverage
- No INR exchange rate risk
Contract Specifications
| Contract | Parameters |
| Contract Type | Future |
| Contract Name | India Gold Quanto |
| Contract Symbol | DIG |
| Underlying | 1 Indian Gold Quanto Futures Contract |
| Contract Size | 1 lot |
| Notional Contract Value | 1 x Indian Gold Futures Price |
| Trading Currency | USD |
| Settlement Currency | USD |
| Price Quote | USD per 1 Indian Gold Futures Contract |
| Tick Size | 1 |
| Tick Value | US$ 1 |
| Settlement Basis | Cash Settled |
| Final Cash Settlement Price (FCSP) | FCSP is based on benchmark reference Gold futures price issued on Last Trading Day |
| Last Trading Day (LTD) | Seven business days prior to the 5th calendar day of the expiry month |
| Trading Days | Exchange Business Days |
| Trading Hours | 07:00 – 23:55 Hours Dubai time 07:00 – 22:25 (LTD) 07:00 – 22:00 (Daylight Saving Time) (LTD) |
| Trading Months | February, April, June, August, October and December |
| New Contract Listing | Business Day immediately following the Last Trading Day |
| Max Order Size | 200 Lots |
| Wholesale Trades | Block Trade minimum size threshold: 50 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution |
| No Cancellation Range | See link: www.dgcx.ae/price-limits |
Contract Calendar
| Expiry Month | Expiry Code | Last Trading Day |
|---|---|---|
| Dec'24 | DIG-20241126 | 26-Nov-24 |
| Feb'25 | DIG-20250127 | 27-Jan-25 |
| Apr'25 | DIG-20250325 | 25-Mar-25 |
| Jun'25 | DIG-20250527 | 27-May-25 |
| Aug'25 | DIG-20250725 | 25-Jul-25 |
| Oct'25 | DIG-20250924 | 24-Dec-25 |