Definition:
The Precious Metal Derivatives market refers to derivatives of precious metals such as gold or silver. These include financial vehicles such as options and futures. Derivatives allow investors to profit from a commodity’s value development without owning the physical commodity (e.g. instead of owning a unit of gold, an investor could own a derivative of gold). Therefore, physical commodities are out of scope in this analysis.Structure:
The market contains the following KPIs: annual notional value, the number of traded contracts, the open interest (number of outstanding contracts at the end of a year), the average notional value per contract as well as the price data of popular specific derivatives of this category.Additional information:
Examples of popular precious metal derivatives are gold, silver, or platinum.Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update:
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update:
Source: Statista Market Insights
Most recent update:
Source: Statista Market Insights
Most recent update:
Source: Statista Market Insights
Most recent update:
Source: Statista Market Insights
The Precious Metal Derivatives market in Iran is witnessing a steady growth trajectory driven by various factors.
Customer preferences: Investors in Iran are increasingly turning to Precious Metal Derivatives as a way to diversify their investment portfolios and hedge against market uncertainties. The allure of potentially high returns coupled with the ability to trade these derivatives easily has attracted a growing number of retail and institutional investors to the market.
Trends in the market: One prominent trend in the Precious Metal Derivatives market in Iran is the increasing demand for gold derivatives. Gold has always held a special place in Iranian culture and history, making it a popular choice among investors. Additionally, the volatility in global financial markets has led to a surge in demand for safe-haven assets like gold, further driving the growth of gold derivatives trading in the country.
Local special circumstances: Iran's geopolitical situation and economic sanctions have also played a role in shaping the Precious Metal Derivatives market in the country. The restrictions on international banking transactions have limited the investment options available to Iranian investors, making derivatives an attractive alternative for gaining exposure to precious metals.
Underlying macroeconomic factors: Furthermore, the macroeconomic environment in Iran, characterized by inflation and currency fluctuations, has heightened the appeal of Precious Metal Derivatives as a store of value and a hedge against economic uncertainties. The ability to trade these derivatives in the local currency provides investors with a level of protection against external market forces. Overall, the Precious Metal Derivatives market in Iran is poised for continued growth as investors seek ways to navigate the challenging economic landscape and capitalize on the unique opportunities presented by trading in precious metals.
Data coverage:
Figures are based on commodity derivatives, their notional value, the number of contracts traded, the open interest (outstanding contracts at the end of a year), and the average value of a contract.Modeling approach / Market size:
Market sizes are determined by a Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use market research & analysis, and data of World Bank, as well as the World Federation of Exchanges. Furthermore, we use relevant key market indicators and data from country-specific associations and national data bureaus such as GDP, wealth per capita, and the online banking penetration rate. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. In this market, we use the HOLT-damped Trend method to forecast future development. The main drivers are GDP per capita an the online banking penetration rate.Additional Notes:
The market is updated twice per year in case market dynamics change.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update:
Source: Statista Market Insights
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