Dubai Gold and Commodity Exchange (DGCX) will launch its Gold Spot T+0 Contract on June 22, offering the first physical spot gold product with same-day delivery on a regulated exchange in the Gulf Cooperation Council, strengthening Dubai’s gold market infrastructure.
DGCX said the contract was developed to meet the growing demand for faster settlement, better price certainty and greater operational efficiency in physical gold trading.
The product integrates exchange transactions, central counterparty clearing and physical delivery into a single framework, offering market participants a regulated alternative to traditional over-the-counter transactions.
“Dubai is one of the world’s leading physical gold trading hubs, handling the significant flow of bullion between East and West,” said Ahmed Bin Sulayem, chairman and chief executive officer of DGCX.
“As the market continues to expand, participants increasingly need faster, more efficient and more transparent ways to trade and pay for physical gold,” he added.
Gold Spot T+0 Contract is based on 1kg of UAE Good Delivery gold and is settled in UAE dirhams. All transactions are cleared through Dubai Commodity Clearing Corporation (DCCC), which provides counterparty risk management and settlement certainty, while physical delivery is also carried out through approved vault infrastructure.
“The launch of the DGCX Gold Spot T+0 Contract marks an important step in strengthening Dubai’s gold market infrastructure,” said Bin Sulayem.
“By bringing together foreign exchange trading, central clearing and same-day physical settlement within a regulated framework, we provide market participants with greater certainty, improved efficiency and direct access to physical delivery,” he added.
The launch reflects broader changes in global bullion markets where participants are seeking payment mechanisms more in line with the pace of physical trading activity.
While many exchange-traded products continue to operate on next-day or longer settlement cycles, the new contract allows market participants to process, clear and settle physical gold on the same day, reducing operational friction and improving the efficiency of capital allocation.
Bin Sulayem said the contract strengthens Dubai’s position at the center of the global gold market, while also deepening liquidity, strengthening price discovery and creating a more solid benchmark for physical gold in the UAE.
The contract was developed specifically for bullion dealers, refiners, brokers, clearing members and institutional market participants.
Through integration with certified checkout infrastructure, it creates a direct link between trading activity and physical delivery while reducing friction from legacy payment cycles.
The launch comes at a time when DGCX is gaining strong momentum. In 2025, the total transaction volume increased by 30% annually to 2,048,556 lots, while the total value of traded contracts reached 46.96 billion dollars. Average daily volumes increased to 7,940 lots, while average open positions reached 13,015 lots.
DGCX owns and operates Dubai Commodity Clearing Corporation, which is a licensed central counterparty by the UAE Securities and Exchange Commission, a recognized clearing house by the Monetary Authority of Singapore, and a third country central counterparty by the European Securities and Markets Authority.
