Standard contract for gold
| Transaction type |
gold |
| Trading unit |
1000 g/hand |
| Bidder |
RMB/g |
| minimum price change |
0.01 yuan/g |
| Maximum daily price fluctuation limit |
Not more than ± 5% of the settlement price of the previous trading day |
| Contract Month |
January December |
| Transaction time |
9:00 a.m. - 11:30 p.m |
| Last Notice Day |
The 15th day of the contract delivery month (postponed in case of legal holidays) |
| Closing Date |
Five consecutive working days after the last trading day |
| Delivery grade |
Domestic gold ingots with gold content not less than 99.95% and standard gold ingots produced by qualified suppliers or refineries recognized by London Bullion Market Association (LBMA) recognized by the Exchange
(See the annex for specific quality regulations). |
| delivery points |
Exchange designated delivery vault |
| Minimum transaction margin |
7% of contract value |
| Transaction fees |
Not more than 2/10000 of the transaction amount (including risk reserve) |
| delivery methods |
physical settlement |
| Transaction code |
AU |
| Listed Exchange |
Shanghai Futures Exchange |
