How to buy gold in Shanghai Gold Exchange?
1. account opening: investors need to open a gold trading account in the member units of Shanghai Gold Exchange and pay a certain margin.
2. Place an order: Investors can place an order through the trading terminal or telephone of member units, and choose to buy or sell gold contracts.
3. Matchmaking transaction: Shanghai Gold Exchange will match the entrustment of buyers and sellers to ensure the fairness, impartiality and transparency of the transaction.
4. Transaction confirmation: After the transaction is completed, the Shanghai Gold Exchange will send a confirmation form to the buyer and the seller to confirm the transaction price, quantity and time.
5. Delivery: The delivery method of gold trading is spot delivery, that is, after the transaction is completed, the buyer can choose to withdraw gold or deposit it in the designated warehouse of Shanghai Gold Exchange, while the seller needs to deliver the gold to the buyer or deposit it in the designated warehouse.
6. Settlement: Shanghai Gold Exchange will settle the accounts of both parties to the transaction, transfer the funds paid by the buyer to the seller's account, and transfer the gold delivered by the seller to the buyer's account.
Trading rules
1. Transaction method:
T+0 trading, two-way trading, that is, gold futures bought by investors on the same day can be sold on the same day.
2. Trading time:
In the evening: 20: 00-2: 30 (night plate), and the next morning: 9: 00- 15: 00 (day plate), where the next day is a legal holiday (except weekends), the night plate will not be opened.
3. Trading system:
The margin trading system is adopted, and the margin ratio is 8%. Margin required by investors for first-hand trading = latest price × trading unit × quotation unit × margin ratio.
4. Price limit:
The price is limited to 8%.
5. Trading unit:
The lowest change price is 0.0 1 yuan/1g; The minimum delivery volume is 1 lot.
The above are the procedures and rules of gold trading in Shanghai Gold Exchange. The whole transaction process is also relatively simple, and investors can choose to buy and sell gold contracts to obtain their own investment income.