Trading with us offers the optimal avenue for investing your money wisely and profitably.
Silver is usually termed as poor man’s Gold. A soft, white, lustrous transition metal, it possesses the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. The metal occurs naturally in its pure, free form (native silver) and as an alloy with gold and other metals.
Most silver is produced as a byproduct of copper, gold, lead, and zinc refining. Silver has been used for thousands of years for ornaments and utensils, trade, and as the basis for many monetary systems. Its value as a precious metal was long considered second only to gold.
Silver futures contract was the second contract launched on DGCX platform and offers international benchmark pricing contract for investors, speculators, hedgers, and arbitragers.
| Contract Symbol | DINRM |
| Underlying | Indian Rupee |
| Contract Size | INR 200,000 |
| Notional Contract Value | INR 200,000 |
| Trading Currency | US Dollar |
| Settlement Currency | US Dollar |
| Price Quote | USD quoted in Cents per 100 Indian Rupees (e.g. 155.73/155.74 US Cents per 100 Indian Rupees) |
| Tick Size | US$ 0.01 US Cents |
| Tick Value | US$ 0.2 |
| Settlement Basis | Cash Only Settlement Contract |
| Final Cash Settlement Price | FCSP is based on the official USDINR reference rate issued by relevant body on Last Trading Day (rounded to 4 decimal places) |
| Last Day of Trading | Two Business Days prior to the last working day of the contract month |
| Trading Days | Monday through to Friday |
| Trading Hours | 07:00 – 23:55 Hours Dubai time (GMT+4) |
| Trading Months | Monthly contracts and spreads for twelve months forward |
| New Contract Listing | Business day immediately following the last trading day |
| Max Order Size | 2,000 Lots |
| EFP / EFS / Block Trades | As per DGCX By-Laws. Minimum Block size permitted is 200 contracts |
| Time Limit for Trade Registration - EFP / EFS / Block | Up to 5 minutes after cessation of trading on any trading day |
| Initial Margin based on SPAN | USD 50 per lot (subject to change) |
| Extra Margin | At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged |
| Calendar Spread Margin | 100% benefits is offered on calendar spread positions |
Risk Warning: Investing in derivative products carries significant risks and may not be suitable for all investors. Volatility in these instruments can increase the level of risk and potential loss exposure. Before making any decision to engage in DGCX Derivaitive Products, it is essential to carefully assess your investment objectives, level of experience, and risk tolerance. You should only invest funds that you can afford to lose. We strongly encourage you to educate yourself thoroughly about the associated risks and, if you have any questions, seek advice from an independent financial or tax advisor.
GTC Multi Trading DMCC: is a limited company licensed and incorporated under the laws of the Dubai Multi Commodities Centre (No.DMCC-312687) and licensed by the Securities and Commodities Authority, United Arab Emirates (No.202200000007) to practice the activity of Commodity Brokerage – Trading and Clearing. Registered address: Unit No: 1501, 1 Lake Plaza, Plot No: JLT-PH2-T2A, Jumeirah Lakes Towers, Dubai, United Arab Emirates Website: www.gtcmtd.com
The information on this website may only be copied with the explicit written consent of GTC Multi Trading DMCC.
The entity mentioned above provides services only to individuals residing in the United Arab Emirates.
Disclaimer: All products and services promoted on this website are not intended for distribution to, or used by, any person or organization in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.