DGCX reports 69% growth in third quarter

Dubai: Year-to-date volumes on the Dubai Gold and Commodities Exchange (DGCX) registered a growth of 69 per cent over last year, with a total of 11,357,329 contracts traded until the end of the third quarter of 2013.

The growth was supported by a two per cent year-on-year rise in monthly volumes in September, which saw 988,269 contracts worth $28 billion being traded.

DGCX’s precious metals segment was a key performer in September. Volumes in gold futures climbing 23 per cent from last month, driven by increased price volatility in precious metals. Silver futures grew 53 per cent from August.

Other contracts that showed strong growth in September included Australian Dollar/US Dollar futures (DAUD) and Canadian Dollar/US Dollar futures (DCUD), which grew 114 per cent and 22 per cent respectively from the previous month.