1, different ranges:

1), spot gold is an international investment;

2) An investment and wealth management product of Paper Gold Bank;

3) Gold T+D is a product issued by Shanghai Gold Exchange.

2. Different trading hours:

1), the spot gold trading time is 24 hours a day from Monday to Friday;

2) Paper gold can be traded for 24 hours;

3) Gold T+D is a trading day from the daily opening of 2 1 point to the closing of the next day 15: 30.

3. Different delivery methods:

1), the spot gold will be delivered after the transaction is completed or within a few days;

2) T+0 delivery of paper gold, which was purchased at that time and received at that time;

3) Gold T+D will be delivered at a specific time and place in the future.

Extended data:

Characteristics of spot gold, paper gold and gold T+D products;

1, spot gold: the gold price fluctuates greatly, the transaction time is long, the funds are settled immediately, the transaction is convenient, the operation is simple, the two-way transaction is controllable, the funds are leveraged, there is no banker to control the market, and the transaction cost is low;

2. Paper gold:

1), which is book-entry gold, not only saves the storage cost for investors, but also facilitates the realization of investors;

2) Paper gold is linked to the international gold price and adopts the 24-hour uninterrupted trading mode;

3) Paper gold provides two trading modes: dollar gold and RMB gold, which provides corresponding opportunities for foreign currency and RMB financial management.

3. gold T+D:

1), T +D fee is higher than futures, lower than physical gold, equivalent to stocks, and the risk is between futures and stocks;

2) Personal gold TD trading is a kind of gold spot deferred delivery business that investors can carry out by margin. It is a spot transaction, which not only does not need to be delivered on the same day, but also can be postponed indefinitely.

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