The leading Dubai Gold and Commodities Exchange (DGCX) in the Middle East has released its market statistics for the entire year 2022. Data shows that the total contract trading volume of the exchange increased by 16.00% year-on-year throughout the year.

In 2022, the exchange traded a total of 8.239 million contracts, an increase of 16.00% compared to the 7.076 million contracts in 2021; The total contract value reached $162.1 billion, an increase of 8.24% compared to the previous year's $149.68 billion.

On October 21, 2022, it reached the highest daily trading volume of the year, with 90107 hands. The daily average trading volume in 2022 is 31800 hands.

The annual average open interest contracts (AOI) were 127831.

In 2022, inflation has steadily increased, and investors are increasingly turning to gold investment. The trading volume of gold contracts on the exchange increased by 78% year-on-year.

The Indian rupee futures contract of DGCX remained stable throughout the year.

The trading volume of DGCX yen, Australian dollar, and Canadian dollar futures contracts has increased, and investors' interest in euro and pound futures has also increased.

DGCX CEO Ahmed Bin Sulayem said, "In 2022, facing sustained global economic challenges, DGCX achieved significant double-digit growth on multiple indicators. Against this backdrop, DGCX also catered to investor demand by launching physical gold futures and spot gold contracts. DGCX also became the first UAE exchange to list Israeli Shekel futures contracts, providing traders with more products and increasing liquidity

In 2023, DGCX will continue to expand its business by establishing new partnerships to provide highly innovative and value-added products and services to investors and market participants