The Dubai Gold and Commodities Exchange (DGCX) achieved total volumes of over 100,000 contracts in a single day for the first time this week. The Exchange set a new overall daily volumes record of 103,126 contracts on Tuesday, 16 April, 2013 surpassing the previous record of 83,862 contracts set on 12 April, 2013. The new record also represents DGCX's highest ever overall daily trading value of US$3.8 billion. DGCX Indian Rupee futures also registered its highest ever daily volume on Tuesday with 96,672 contracts valued at a record-breaking US$3.5 billion. The contract has achieved sustained rapid growth over the past four years, driven by the growing international significance of the Indian Rupee and DGCX's initiatives that have improved liquidity and on-screen spreads. The Indian Rupee futures contract traded an average of over two billion dollars a day in the first quarter of 2013.