DFM ---ADX ---
10hRAK Properties Sets Sights on Record Deliveries Amid Shifting Market DynamicsFinance
11hRAK Ceramics Sees Double-Digit Profit Growth Amid Regional Construction BoomFinance
1dIHC Profits Soar 87% Amid Global ExpansionFinance
2dAlef Education Sees Strong Profit Growth Driven by Strategic ExpansionFinance
2dGold Prices Rise in Dubai Ahead of Fed’s December Policy DecisionFinance
2dDIP Holding IPO Set at Dh1.12 Per Share, Targeting Dh1.9 BillionFinance
3dUAE Gold Sales Slump Amid Record PricesFinance
3dUnion Properties Profit Drops to Dh28 Million Amidst Comparison ChallengesFinance
4dDubai Gold Prices Stabilize Following Significant Weekly DropFinance
4dCBI Sees 58% Profit Surge as Legacy Challenges FadeFinance
7dGold Prices Dip in Dubai Amid Global Market ShiftFinance
8dFAB Reports Strong Nine-Month Growth Driven by Robust LendingFinance
8dGold Prices Dip in Dubai Amid Global Economic ShiftsFinance
8dTecom Group Sees Profit Surge Driven by Strong Dubai DemandFinance
8dJio Platforms Marks Historic Market Entry as India’s Second-Most Valuable FirmFinance
9dGold Prices Dip in Dubai Ahead of Diwali CelebrationsFinance
10dGold Prices Dip in Dubai Following Monday’s RallyFinance
11dUAE Capital Markets Show Robust Growth and Regulatory MaturationFinance
11dDubai Gold Prices Show Signs of Recovery After October SlumpFinance
14dNBQ Posts Dh378 Million Profit Amid Robust Asset GrowthFinance
15dDubai Gold Prices Dip Amid Persistent Geopolitical UncertaintyFinance
16dDu sees 10.8% profit growth in first nine months of 2026Finance
16dEmirates NBD maintains steady growth as Q3 profits hit Dh6.4 billionFinance
16dSpaceX Reports Massive Q3 Growth Driven by AI and Starlink SurgeFinance
17dGold Prices in Dubai Dip Below Dh500 MarkFinance

Dubai Revolutionizes Gold Trading with New Same-Day Settlement Contract

Wed, Jun 24, 2026(135d ago)Finance

Dubai has taken a significant step forward in the precious metals market by introducing a "T+0" same-day spot gold contract on the Dubai Gold and Commodities Exchange (DGCX). Unlike traditional trading systems that often require a waiting period for settlement, this new initiative allows investors to purchase gold and secure physical ownership within the same business day. By eliminating the typical lag between a transaction and its completion, the exchange effectively minimizes price volatility risks, ensuring that investors can lock in their costs immediately while maintaining greater control over their capital.

Beyond the speed of execution, the move bolsters market security and transparency by routing all trades through a regulated central clearing system. This structure mitigates counterparty risk, providing a safer alternative to informal over-the-counter deals. Because the contract is backed by standard 1kg UAE Good Delivery gold bars held in secure local vaults, it appeals to those seeking tangible assets rather than mere paper exposure. Ultimately, this innovation not only enhances liquidity and price discovery in the region but also cements Dubai’s reputation as a sophisticated hub for global gold trading.

Comments0
No comments yet. Be the first to share your thoughts.