AU 1 106 refers to the gold delivery contract in June 201/year. The current price is 284.73, which generally requires a deposit of about 200,000 yuan. The calculation formula is: current price * grams * margin occupation ratio. Personally, I suggest that beginners of futures should not make gold, copper and other varieties first, because the risk is relatively too great. They can choose small varieties to get familiar with them first and then consider these varieties after they have a certain understanding of the futures market. They should do less futures and watch more, seize the opportunity of making money in the market with high probability, and set a fixed tolerable risk value to operate. Making gold depends on how much money you have. If you only have enough money to do it, I suggest not to do it, because it is equivalent to Man Cang operation. Futures have a margin system, and the general leverage ratio is 5- 10 times. For example, if you have invested1000000, your Man Cang operation is equivalent to investing 5 million in the market, that is, the market only needs to withdraw 20% from Man Cang. Delivery refers to the process of picking up the spot when the futures contract expires and begins to perform the contract. General speculators only participate in the process before delivery, and do not participate in delivery.