Today, The Dubai Gold & Commodities Exchange ‘soft’ launched its physically settled Spot Gold Contract before trading begins in 2016.
The contract will cover 1 kilogram and it will be traded in US Dollars. Deliverable gold shall meet a minimum purity of 99.5% and be in the form of kilobars refined by the Exchange’s approved refiners as follows:-
- Argor Heraeus SA
- Al Etihad Gold LLC
- Emirates Gold DMCC
- Istanbul Gold Refinery
- PAMP SA
- The Perth Mint
- Valcambi SA
The approved vaults are Brinks Global Services and Transguard Group – Emirates Group Securities which are ocated in 1) Gold Souk, Deira, 2) Dubai Airport Free Zone and 3) Almas Tower in DMCC – JLT.
For more information, please see:-