The Hindu Business Line : Dubai exchange launches silver futures trading

The DGCX Silver futures will be a 1,000 troy oz. contract with maturities in March, July, September and December each year. On maturity of a futures contract, the open position would be settled through delivery of 30 kg silver bars from 10 approved brands complying with Dubai Good Delivery standards.

Mr Jignesh Shah, DGCX Vice-Chairman, said, "Trading in silver futures will complement the exchange's successful gold futures contracts. The new silver futures have been introduced in response to growing demand from our members. With silver prices nearing at a 22-year high, our new futures contracts offer a hedging option against the price movement to businesses dealing in silver or silver based products and also an investment opportunity to investors," he said.

DGCX has also announced that it will launch currency futures trading by the second quarter of this year.

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