Dubai Gold and Commodities Exchange trade volume grew 121 % year-on-year

Dubai Gold and Commodities Exchange (DGCX) said November volumes grew 121 % year-on-year to reach 423,945 contracts, valued at $ 17.15 billion.

In a press release, DGCX said Year-to-date volume in 2011 also increased 106% on 2010 levels to reach 3,629,409 contracts valued at $ 169 billion.

Average daily volume (ADV) in the month of November reached 19,270 contracts, a 101% increase from the same month last year.

DGCX currency futures were the main driver of the growth in trading volumes in November accounting for almost 90% of total volumes.

Currency futures volumes increased 200 % on last year to touch 396,740 contracts in November 2011.

Indian Rupee futures volumes in November reached 379,811 contracts, a substantial increase of 310% from last years November volumes.

The new Indian Rupee options contract registered substantial growth in November rising 1048% from October to reach 2,055 contracts. – BullionStreet

Tags: Dubai Gold and Commodities Exchange

Posted by admin on Dec 7 2011. Filed under Gold stocks. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry