Dubai: The Dubai Gold and Commodities Exchange (DGCX) is set to launch its Gold Spot T+0 Contract on Monday, June 22. This initiative marks the introduction of the first same-day physically settled spot gold product on a regulated exchange in the GCC, positioning Dubai among a select group of international markets offering such functionality.
According to Emirates News Agency, the contract has been developed to meet the rising demand for faster settlement, improved price certainty, and enhanced operational efficiency in physical gold trading. By integrating exchange execution, central counterparty clearing, and physical delivery within a single framework, the product provides a regulated alternative to traditional over-the-counter transactions for market participants.
The launch reflects broader changes in global bullion markets, where participants are increasingly seeking settlement mechanisms that align more closely with the speed of physical trading activity. While many exchange-traded products continue to operate on next-day or longer settlement cycles, the new contract enables market participants to execute, clear, and settle physical gold on the same day, reducing operational friction and improving the efficiency of capital deployment.
The Gold Spot T+0 Contract is based on 1kg UAE Good Delivery gold and settled in UAE dirhams. All transactions are cleared through the Dubai Commodities Clearing Corporation (DCCC), providing counterparty risk management and settlement certainty, while physical delivery takes place through approved vault infrastructure.
Ahmed Bin Sulayem, Chairman and Chief Executive Officer of DGCX, stated that Dubai is a leading hub for physical gold trade, handling significant bullion flows between East and West. He emphasized the importance of the new contract in providing faster, more efficient, and transparent ways to trade and settle physical gold. The contract is seen as a step in strengthening Dubai's gold market infrastructure by bringing exchange trading, central clearing, and same-day physical settlement together within a regulated framework.
The launch of the Gold Spot T+0 Contract is part of DGCX's ongoing evolution as a provider of market-led infrastructure supporting the precious metals sector. This new product expands the exchange's precious metals offering and reinforces DGCX's role as a provider of regulated, transparent, and efficient market infrastructure.
Specifically developed for bullion dealers, refineries, brokers, clearing members, and institutional market participants, the contract integrates with approved vault infrastructure, creating a direct connection between trading activity and physical delivery while reducing friction associated with legacy settlement cycles.
The launch comes at a time of strong momentum for DGCX. In 2025, total traded volumes rose 30% year-on-year to 2,048,556 lots, with the total value of contracts traded reaching US$46.96 billion. Average daily volumes increased to 7,940 lots, while average open interest reached 13,015 lots, underlining the continued depth and resilience of DGCX markets.