Dubai Launches Same-Day Gold Trading Contract to Boost Market Efficiency

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Dubai: The Dubai Gold and Commodities Exchange (DGCX) has launched a new same-day gold trading contract that allows investors to trade, settle and take physical delivery of gold on the same day. The product is based on 1kg UAE Good Delivery gold and is settled in UAE dirhams.

Designed for bullion dealers, refineries, brokers and institutional investors, the contract aims to improve market efficiency, transparency and price discovery while reinforcing Dubai's position as a leading global hub for physical gold trading.

DGCX said the new product provides direct access to physical gold delivery within a regulated marketplace, offering participants a faster and more streamlined settlement process.

The exchange expects the contract to support growing demand for efficient gold trading solutions and strengthen links between the financial and physical bullion markets.

Officials said the launch marks another step in Dubai's efforts to expand its role in the global precious metals trade and enhance its attractiveness as an international trading centre.