On the left hand side, you can place your buy and sell order for paper gold, i.e. gold with financial settlement only. Every position must be closed with the opposite position and a collateral in the value of 3.5% is required to open a position. Position remains open until it is closed.

If you need to sell (or buy) physical gold, but do not have 100% of the purchase price, you can sell paper gold on this side of the platform when the price is right. After you receive the full amount of gold/funds, you simply close the opened position and same time place the sell/buy order on the physical part of the platform. Your original price +/- discount or premium is the result.

On the right hand side, you can place your buy or sell order for physical gold, i.e. gold with immediate physical delivery only. No position is being opened, since in the moment of the order placement the seller transfers 100% gold from his account to the account of the buyer and the buyer transfers 100% purchase price to the account of the seller. No leverage is needed and no delivery risk is involved.

If you need to sell (or buy) physical gold, but and you do have 100% of the purchase price or gold, you can sell physical gold on this side of the platform when the price is right. After you receive the full amount of gold/funds, the trade is final and you can claim withdrawal.

In the central part, the discount between both markets is displayed. Discount/premium is calculated always as physical gold (Buy or Sell) price - financial gold (Buy or Sell) price.

The discount/premium value changes several times per second. As a safe trading strategy, it is possible to buy gold with discount and sell with premium, the same amount of physical gold, over and over. Profit making with very low risk.

Standard mode - displays the discount/premium as difference between physical Sell price and financial Sell price or between physical Buy price and financial Buy price. Spread is not included.
Standard mode - displays the discount/premium as difference between physical Sell price and financial Sell price or between physical Buy price and financial Buy price. Spread is not included.

Open positions are allowed only on the financial market. On the physical market, no open positions are possible, since each order immediately results in the physical delivery of gold and money between the buyer and the seller.

As an efficient strategy, when you are buying gold from your external supplier, you can fix the price with him anytime in advance, before he delivers the physical gold to you, and hedge yourself on the financial platform side. Then, after delivery, you can sell the physical gold on the physical platform side and close in the same time the hedging position on the financial side with a buy order. You can even pre-define the desired premium/discount you want to achieve.

With a double click on the Sell or Buy button on the Financial market side of the platform, an order with the pre-set size is placed.

Alternatively, by pressing the New Order button, a new dialogue window appears and you can set the operation of the order - Buy or Sell, the order type - market, limit or stop loss, and the size of the order. Market order will be executed at the current market price, limit order will be executed once the price reach the set treshold and stop loss order will be executed if the market price moves against the opened position falling within the spread size from the pre-set price value.

With a double click on the Sell or Buy button on the Physical market side of the platform, an order with the pre-set size is placed.

Alternatively, by pressing the New Order button on the Physical market side, a new dialogue window appears and you can set the operation of the order - Buy or Sell, the order type - market, limit or stop loss, and the size of the order. Market order will be executed at the current market price, limit order will be executed once the price reach the set treshold and stop loss order will be executed if the market price moves against the opened position falling within the spread size from the pre-set price value.

Sell Hedged Order consists of two orders: Sell order on the physical market and Buy order on the Financial market.
Buy Hedged Order consists of two orders: Buy order on the physical market and Sell order on the financial market.

In the dialogue window, you can define the operation type (Sell or Buy), size, discount value and the order type - Market, Limit Standard or Limit Profit.

Hedged order of the type Market executes two separate market orders, each on physical and financial markets

respectively.

Limit Standard order allows you to pre-define the discount/premium between (i) physical Sell and financial Sell price or (ii) between physical Buy and financial Buy price. In the discount/premium the spread between Sell and Buy price is not included and must be taken into consideration separately.

Limit Profit order allows you to pre-define the discount/premium between (i) physical Sell and financial Buy price or (ii) between physical Buy and financial Sell price. In the discount/premium the spread between Sell and Buy price is included and the pre-set discount/premium value is the final value that must be achieved between the markets to push the hedged order pair into execution, inclusive spread.

Gulf Gold Refinery FZE, being one of the leading gold refineries in the Middle East, produces state-of-the-art gold bars, certified for quality and loved by the whole world.

There is no list of eligible bars tradable on COMGEX. You can deposit gold in any shape and form, and after fire assay it is deposited to your physical gold account. Even before refining, it is available for trading on your COMGEX account.
However, all deposited gold must fulfil the strict requirements of the DMCC Responsible Gold Sourcing Rules.