News Column

DGCX plans spot silver after gold

July 9, 2014



The spot gold contract was delayed from starting last month partly because specifications had to be changed and also because of Ramadan this month, said Madyan Jabr, head of communications for the DGCX.



The Dubai Gold & Commodities Exchange will consider starting a silver contract for immediate delivery after spot gold is introduced in the third quarter.







The spot gold contract was delayed from starting last month partly because specifications had to be changed and also because of Ramadan this month, said Madyan Jabr, head of communications for the DGCX. The gold contract will be for 1 kilogramme (32.15 troy ounces). DGCX already trades gold futures. "Futures are to hedge risk, not to get the gold," Jabr said.







Compiled from agencies


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Source: Khaleej Times (United Arab Emirates)


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