Dubai's DGCX is set to launch the region's first Gold Spot T+0 Contract, allowing same-day settlement for traders. The initiative aims to improve liquidity, enhance trading efficiency, and strengthen Dubai's position in the global precious metals market.
Through integration with approved vault infrastructure, the contract creates a direct connection between trading activity and physical delivery while reducing friction associated with legacy settlement cycles.
The Dubai Gold and Commodities Exchange (DGCX) will launch its Gold Spot T+0 Contract on June 22, 2026. It will introduce the first same-day physically settled spot gold product on a regulated exchange in the GCC and position Dubai among a limited number of international markets offering such functionality.
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.
The contract has been developed to address growing demand for faster settlement, improved price certainty and greater operational efficiency in physical gold trading. By integrating exchange execution, central counterparty clearing and physical delivery within a single framework, the product provides market participants with a regulated alternative to traditional over-the-counter transactions.
“Dubai is one of the world’s leading hubs for physical gold trade, handling significant bullion flows between East and West. As the market continues to expand, participants increasingly need faster, more efficient, and more transparent ways to trade and settle physical gold.
The launch of the DGCX Gold Spot T+0 Contract marks an important step in strengthening Dubai’s gold market infrastructure,” said Ahmed Bin Sulayem, Chairman and Chief Executive Officer of DGCX.
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The contract has been developed specifically for bullion dealers, refineries, brokers, clearing members and institutional market participants.
“By bringing exchange trading, central clearing, and same-day physical settlement together within a regulated framework, we are providing market participants with greater certainty, improved efficiency, and direct access to physical delivery. This contract reinforces Dubai’s position at the centre of the global gold market while deepening liquidity, strengthening price discovery, and establishing a more robust benchmark for physical gold in the UAE,” Sulayem said.
In 2025, total traded volumes rose 30 percent year-on-year to 2,048,556 lots, with the total value of contracts traded reaching $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.