India Gold Quanto Futures

  • India is well known as the biggest Gold importing country in the world. Love for Gold in India goes back millenniums and Indian households are estimated to be holding 22.000 MT of Gold. India has a well-developed gold cash market. The India Gold Quanto futures contract on DGCX platform provides a price discovery and trading avenue for the industry participants for Gold traded in India.

    DGCX trades before start and after closure of Indian market hours, which will provide a unique opportunity for traders to discover price and trade in the contract on basis of the information available to them for all international and national events.

    • Trade your views on the Indian Gold Market
    • Arbitrage opportunity with the highly correlated gold contract based on global prices.
    • Benefit from margin offset provided by DCCC for inter-commodity spreads
    • Low cost structure
    • Trade Gold futures based on the biggest Gold consumption market in the world
    • USD denominated, Cash settled
    • Tax Free – No transaction Tax, Zero Capital gains Tax
    • Tick size of USD 1
    • Extends beyond trading hours of reference market
    • Efficient margining for optimal leverage
    • No INR exchange rate risk
  • ContractParameters
    Contract Symbol DIG
    Underlying India Gold
    Contract Size 1
    Notional Contract Value USD 1.00X Indian Gold Futures Price quoted in INR per 10gms (e.g. Bid 27575 / Offer 27,576)
    Trading Currency USD
    Settlement Currency USD
    Price Quote USD 1.00X Indian Gold Futures Price quoted in INR per 10gms (e.g. Bid 27575 / Offer 27,576)
    Tick Size USD 1
    Tick Value USD 1
    Settlement Basis Cash Settlement
    Final Cash Settlement Price The Final Cash Settlement Price basis shall be the benchmark reference Gold futures price publically available in Indiathat corresponds to the DGCX Contract Month
    Last Day of Trading The Last Day of Trading for Gold Quanto Futures Contracts is the second last Day of Trading of the month immediately preceding the Delivery month
    Trading Days Monday through to Friday
    Trading Hours DGCX Trading Hours
    Trading Months February, April, June, August, October, December (Six contracts at any given point of time)
    New Contract Listing Business Day immediately following the Last Day of Trading
    Max Order Size 500 contracts for Banks and institutions promoted by Banks. All other entities 200 contracts
    Initial Margin based on SPAN USD 1,050 per lot (subject to change)
    Calendar Spread Margin 100% benefit is offered on calendar spread margins
    Daily Price Movement limit No Limits*
    Note 1*: For the avoidance of ‘fat finger’ errors price band shall be USD 900 from previous settlement price. (E.g. if previous settlement price is USD 27,000, the price band is from USD 26,100 to USD 27,900). If price breaches the daily price movement limit, trading in particular contract shall continue, with the new trading price range without any cooling period

  • Expiry MonthExpiry CodeLast Trading Day
    Dec'18 DIG-20181129 29 Nov 2018
    Feb'19 DIG-20190130 30 Jan 2019
    Apr'19 DIG-20190328 28 Mar 2019
    Jun'19 DIG-20190530 30 May 2019
    Aug'19 DIG-20190730 30 Jul 2019
    Oct'19 DIG-20190927 27 Sep 2019