In international gold trading, the "hand" here is called "hand" in English, which is a noun to better measure the scale of gold trading. We can call it a hand or a standard hand.

When trading related financial products in the international market, there are generally the following definitions: standard hand, mini hand and mini hand. If used in gold trading, it means:

1 standard hand: 100 ounce

1 mini pointer: 10 ounce

1 micro pointer: 1 ounce

From the trading habits of gold, what we usually say is the standard hand, which is the default definition of "hand" in gold trading in the financial market.

The value and scale of primary gold

First of all, internationally, gold is denominated in US dollars, and then in ounces. Suppose the current price of gold is $65,438+0,200, which means that the price of gold per 1 ounce is $65,438+0,200. Then, buying 1 hand of gold means buying 100 ounce of gold.

For example, Mr. Zhang bought 1 standard lot of gold on Wanzhou Gold Industry Platform, and the current gold price is 1200 USD/ounce, so Mr. Zhang needs to use100 *1200 =120 USD for trading. If Mr. Zhang buys 1 lot of gold, the price of gold will rise by 10 (1000 points), which means that the price will rise by 1 0/0 per ounce, which is equivalent to Mr. Zhang's profit 100 *1.

Therefore, the size of the first hand of gold means 100 ounces, and the margin required to buy the first hand is: 100 ounces * 1 ounce of the current price of gold. Of course, when trading international gold, platforms generally provide leverage for investors to lower the trading threshold. Assuming that brokers provide leverage of 100 times for gold, trading primary gold is only equivalent to 1 0 of1,which means only120000/100 =