The rise of Dubai as a gold trading hub

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pmbug

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UAE surpasses London to become the world’s second-largest gold hub as Asian demand grows - DMCC

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I'm guessing that a large part of Dubai's trade volume is really just Indians looking to bypass onerous import tariffs (Dubai gold gets a discount).
 
London is turning into a diversity backwater that is being taken over by barbarians. As soon as it's hollowed out they will go after the elites in their castles.
 
Great idea to open a thread about UAE/Dubai's gold market!
Probably we should start following the price (in dirham) pm are traded at over there just as we do with SGE/SGFE.
 
pmbug said:
If you have a source for this info, please share.
Click to expand...

From the link you posted in another thread, I found this:

Market Watch

marketwatch.thedgcx.com

Once the table loads, you can select "My Watch List" options for "DGCX Precious Metals" and "Silver". It looks like the Bid and Ask for DSSC are being quoted in USD?
 

at first glance it sure looks like they are showing trades real time for both au and ag at the bottom of the table .....
 
Ttazzman said:
at first glance it sure looks like they are showing trades real time for both au and ag at the bottom of the table .....
Click to expand...
The volume for gold and silver contracts is 0, so no trades.

Close rates for silver are in $, for gold I can't understand.
I don't think that marketwatch page is helpful.
 
Peter89 said:
The volume for gold and silver contracts is 0, so no trades.

Close rates for silver are in $, for gold I can't understand.
I don't think that marketwatch page is helpful.
Click to expand...

i only looked at it briefly ......but when i looked at it approx 5am central time it seemed to be realtime trading ..........when i looked at it later that morning it appeared to not be trading and had what looked like closing charts etc.....now when i look at it, it is obviously dead and not trading.....

i didnt really have time to look it over good and get a understanding of what information it was showing but i thought i would put that observation out there
 
You are right, apparently that marketwatch page follows the trading hours of the DGCX.
Right now it's live - bid/ask price getting updated in real time.
Other that that, it doesn't make any sense to me: the close price of the January 2025 contract $2,130?
and 0 - zero - volume on all 18 gold related contracts?
 
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