The Dubai Gold and Commodities Exchange (DGCX) has traded more than three million contracts in one month for the first time in its history last August, breaking its July record with 2.38 million contracts.
The value of contracts traded and cleared last month, which amounted to 223 million contracts hit a record high of 52.72 billion dollars.
The stock exchange also recorded the highest daily trading level in its history on the fifth of last August, where more than 220 thousand contracts were traded with a nominal value of 3.85 billion dollars, while the average daily trading volume last month to 146 thousand and 502 contracts a day, an increase of 54.97% over Annual basis.
The best performing products on the exchange during August 2019 were Indian rupee products which broke all previous records.
The Kwanto Indian Rupee futures contract, which is the best performing rupee / dollar price index among Indian rupee products, traded in August at a record high of 1,585,110.
The gold futures contract, one of the most important products of the Dubai Gold and Commodities Exchange, recorded a strong performance last month with 58,421 contracts traded, an increase of 274.04% year on year.
"Trading more than three million contracts in one month and more than 220,000 contracts in a single day is a major achievement for the DGCX Group and it demonstrates our strength as a trading market and reflects the investors' continued confidence in the exchange," said DGCX CEO Lee Mail. ".