Friends with certain investment experience know that A-share trading is based on 100 shares, and the price per share can be multiplied by 100 to calculate how much it costs to buy and sell the company's shares. In domestic commodity futures investment, the unit of measurement is usually grams or kilograms. As an international precious metals investment product, how to calculate the number of lots of London gold?

1. London gold is in ounces.

1, the unit of mass in the constant ounce system (abbreviated as oz), is a transliteration of English Ounce, which was translated into Anshi in Hong Kong. This is a British unit of weight, equivalent to one sixteenth of a pound. Its predecessor is British Liang or 30, which is equivalent to 28.3495 grams.

2. The pharmaceutical or troy ounce is the unit of mass, equal to 480 grains or 365,438+0.65,438+0.034,768 grams, which is equivalent to 65,438+0 ounces of China's previous 65,438+06 system.

Loco London gold 100 troy ounce, or 31.1035g, is about 3kg of gold. At the same time, the price of 1 lot in London gold trading is the real-time international gold price * 100 ounce. If the current gold price is $0/.282 per ounce/kloc/lot, then the total value of London gold contracts for 1 lot is $0/.280, equivalent to about 833,000 yuan, and investors only need $65,438.

Second, the main characteristics of gold trading in London

1. London gold is priced in USD and measured in ounces. One ounce is equal to 31.1035g.

2. A standard lot (first-hand contract) for London gold trading is 100 ounce, and the minimum trading volume is 0. 1 lot/time.

3, margin trading, only need to pay a small amount of margin, you can conduct large transactions.

4. Short selling mechanism can be used for two-way trading, and investors can achieve a win-win situation.

5.24-hour trading, global trading network, uninterrupted trading from Monday to Friday,

Third, the transaction cost is mainly London gold trading.

When investors buy and sell a lot of Loco-London gold on the China Gold and Silver Exchange, they not only need a spot deposit of 65,438 yuan+0,000 yuan per lot, but also generate a price difference in 0.5 yuan and a handling fee in 50 yuan. In addition, if the investment needs to hold positions overnight, it will generate overnight interest. When customers hold positions on weekends or holidays, the margin will increase to 1 1,500 USD/lot, so investors should ensure that the balance in the account is sufficient.

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How much is the London gold trading?