The exchange sees a spot gold contract as particularly suitable for Dubai, an important global hub for physical gold trading.
“We are exploring a spot contract in Dubai to make it more relevant to
the physical gold community and the physical gold trading activity in
Dubai,” Shah said.
“It’s an import and re-export centre, so 28% of the world’s gold gets
traded out of Dubai,” he said, adding that a lot of this is due to the
gold souk, which is the single largest concentration of jewellers anywhere in the world, with...