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Trading volumes on the Dubai Gold & Commodities Exchange (DGCX) reached 191,843 contracts in November, valued at US $9.6 billion, led mainly by activity in currencies and precious metals. November volumes increased marginally by 1% year-on-year but declined 9% on last month due to the Exchange being closed for several public holidays in November.
Year-to-date, the exchange is currently up 33% on last year, with 1,760,570 total contracts traded as at end November, compared with 1,322,800 contracts during the same period last year.
Currency futures recorded 132,126 contracts in November, a year-on-year increase of 47% and value of US $6.7 billion. Year-to-date currency futures volumes reached 1,167,843 contracts, a growth of 122% on last year. Indian Rupee futures continue to achieve record trading activity this year, with 382,620 contracts traded year-to-date, a 561% increase on the same period last year.
Indian Rupee/Dollar, Euro/Dollar, Sterling/Dollar and Yen/Dollar futures registered monthly volumes of 92,639; 18,717; 9,329 and 2,198 contracts respectively. The new currency pairs Australian Dollar, Canadian Dollar and Swiss Franc, introduced in June 2010, saw monthly volumes of 3,094; 3,781 and 2,368 contracts.
In the precious metal and energy segments, trading in gold and silver futures saw a slight drop last month with 47,466 and 4,273 contracts traded, while WTI crude oil futures registered 7,978 contracts.
