Dubai’s DGCX reports 112% surge in Jan-Mar volumes

07 Apr 2013

(MENAFN) Dubai Gold and Commodities Exchange (DGCX) CEO, Gary Anderson, announced that during the first quarter, contracts volumes on the exchange soared by 112 percent from a year before to 3,281,234, reported Emirates 24/7.

Anderson added that in March alone, contracts volume increased 95 percent, reaching 1,072,052.

Last month’s currency volumes sky rocketed by 102 percent from 2012’s same period.

The CEO attributed the notable rise to the higher trading in Indian Rupee futures, which surged by 104 percent on annual basis to 1,010,339 contracts.

Meanwhile, gold futures contracts posted a growth of 47 percent to 139,914, while silver futures transactions jumped by 33 percent.

It is worth noting that Euro/Dollar futures on DGCX ascended by 90 percent in March year-on-year.

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