The UAE already has historically strong trade ties with India. Major imports include gold, precious stones and gems among other items. Dubai has also been a popular gold shopping destination for Indians.
Gold futures, the Exchange's flagship product, grew 111% in June from the previous year. Heightened volatility and recent contract changes introduced by the Exchange were the key drivers of the gold futures growth.
Samir Shah, Director of Business Development at the Exchange was quoted by news wires as saying "Gold prices have had a phenomenal run over the last two years, but the distinguishing feature of the gold market in this period has been the extreme price volatility of the precious metal, which has consistently threatened profit generation."
Gold futures, the Exchange's flagship product, grew 111% in June from the previous year. Heightened volatility and recent contract changes introduced by the Exchange were the key drivers of the gold futures growth.
Samir Shah, Director of Business Development at the Exchange was quoted by news wires as saying "Gold prices have had a phenomenal run over the last two years, but the distinguishing feature of the gold market in this period has been the extreme price volatility of the precious metal, which has consistently threatened profit generation."
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