Dubai Gold & Commodities Exchange (DGCX) said its year-to-date volumes traded at the end of October reached 3.2 million contracts, up 104 per cent from last year.

The average daily volume in October rose 110 per cent to reach 21,046 contracts valued at $903 million, said the exchange in a statement.

The month's volumes grew 110 per cent year-on-year to reach 441, 975 contracts, valued at $18.36 billion, it added.

DGCX currency futures, the mainstay of the exchange’s volume growth, rose 191 per cent year-on-year to 429,944 contracts in October, said the statement.

DGCX Indian Rupee futures continued its impressive growth path to 418,967 contracts, a 330 per cent increase from last year, it added.

Euro/Dollar saw volumes of 6,579; Sterling/Dollar saw 1,911 and and Yen/Dollar, 785 contracts. Total year-to-date currency volumes stood at 2.76 contracts at October-end, registering a growth of 167 per cent over last year.

Within the precious metals segment, year-to-date volumes of DGCX Silver futures grew by 66 per cent to trade 40,215 contracts this year while Gold futures dropped 11 per cent to reach 360,117 contracts.-TradeArabia News Service