Dubai, 4 October 2011

The Dubai Gold and Commodities Exchange ( DGCX) clocked volumes of 486,710 contracts, valued at $ 21.3 billion, in September, an increase of 211% compared to the same month last year.

The Exchange’s Gold futures contract established an all-time daily volume record of 9,638 contracts on September 26, surpassing the previous high of 8,527 contracts in 2007. Gold futures also reached its highest-ever daily value of $ 486.37 million on the same day, exceeding the previous record value of $ 253.26 million in 2008.

Currency futures, which continued to be the main driver of volumes, grew 290% from last year to reach 440,366 contracts. DGCX also registered substantial year-on-year increases in the precious metals segment in September, with Gold and Silver futures volumes rising by 15% and 56% respectively. The Indian Rupee futures contract continued its exceptional growth, rising 511% year-on-year to reach 427,073 contracts, the highest ever monthly volume since the launch of the contract.

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