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What is the standard contract for gold futures?
Gold futures is one of the futures products of the previous issue, and the specific contract standards are as follows:

Trading variety gold

Trading unit1000g/hand

Quotation bits (RMB)/gram

The lowest price change is 0.05 yuan/gram.

The maximum fluctuation range of daily price shall not exceed 3% of the settlement price of the previous trading day.

Contracts for the last three consecutive months in the contract delivery month and bimonthly contracts within the last 1 1 month.

Trading hours are 9: 00 am-165438+0: 30 pm-65438+0: 30 pm-3: 00 pm and other trading hours stipulated by the exchange.

15 on the last trading day of the contract delivery month (postponed in case of legal holidays)

Delivery date: five consecutive working days after the last trading day.

Deliver domestic gold ingots with a grade of not less than 99.95% and standard gold ingots produced by qualified suppliers or refineries recognized by the London Gold and Silver Market Association (LBMA) recognized by the exchange.

(See Annex for specific quality regulations).

Delivery place delivery vault designated by the exchange

Delivery method physical delivery

Transaction code AU

Listed Exchange Shanghai Futures Exchange

2. Standard contract text

Shanghai Futures Exchange Gold Futures Standard Contract Attachment

I. Delivery unit

The trading unit of a gold standard contract is 65,438+0,000 grams per lot, and the delivery unit is 3000 grams of standard weight (net weight) of each warehouse receipt, and the delivery should be an integer multiple of each warehouse receipt.

Second, the quality regulations

(1) The gold content of gold ingots used for physical delivery of this contract shall be no less than 99.95%.

(2) The chemical composition of domestic gold ingots should also meet the requirements in the following table:

Brand chemical composition (mass fraction)/%

Au impurity content does not exceed

Not less than the sum of silver, copper, iron, lead, bismuth and antimony.

au 99.99 99.99 0.005 0.002 0.002 0.00 1 0.002 0.00 1 0.0 1

au 99.95 99.95 0.020 0.0 15 0.003 0.003 0.002 0.002 0.05

Other regulations conform to GB/T4 134-2003 standard.

(3) The delivered gold ingot is 65,438+0,000g (with a gold content of not less than 99.99%) or 3,000g (with a gold content of not less than 99.95%).

(4) 3,000 grams of gold ingots, and the weight (net weight) of each gold ingot shall not exceed 50 grams. 1000g gold ingot, the weight (gross weight) of each gold ingot shall not be less than1000g, and those exceeding1000g shall be counted as1000g.

The increase or decrease clause of each gold ingot shall not exceed 0.1g.

(5) The gold of each warehouse receipt must be composed of gold ingots of the same manufacturer, brand, registered trademark, quality grade and shape.

(6) The gold ingot of each warehouse receipt must be a registered brand recognized by the Exchange and must be accompanied by corresponding quality certificates.

Three. Production enterprises and registered brands recognized by the Exchange.

The gold ingots used for physical delivery must be the brands registered by the Exchange, or the standard gold ingots produced by qualified suppliers or refineries recognized by the London Gold and Silver Market Association (LBMA). The specific registered brands and premium standards shall be separately stipulated and published by the Exchange.

4. Designated delivery vault

The designated delivery warehouse shall be designated by the Exchange and announced separately.

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