Paper gold: refers to the paper trading of gold, and the trading records of investors are only reflected in the "gold passbook account" opened by individuals in advance, and do not involve the withdrawal of physical gold. The profit model is to buy low and sell high, so as to obtain the difference profit. Compared with physical gold, its transaction is more convenient and faster, and the transaction cost is relatively low, which is suitable for short-term operation of professional investors. At present, three domestic banks have started paper gold business, namely Huang Jinbao of China Bank, gold experts of China Industrial and Commercial Bank and account gold of China Construction Bank.

Gold futures:

Trading variety gold

Trading unit1000g/hand

Quotation bits (RMB)/gram

The lowest change price is 0.0 1 yuan/gram.

The maximum fluctuation range of daily price shall not exceed 5% of the settlement price of the previous trading day.

The delivery month of the contract is1~ 65438+February.

Trading hours are from 9: 00 am to 165438+ 0: 30 pm to1:30 pm to 3:00 pm.

15 on the last trading day of the contract delivery month (postponed in case of legal holidays)

Delivery date: five consecutive working days after the last trading day.

The delivery grade meets the national standard GB/T 4 134-2003, and the gold content is not less than 99.95%.

Delivery place: delivery warehouse designated by the exchange.

7% of the minimum trading margin contract value

The transaction fee shall not be higher than two ten thousandths of the transaction amount (including risk reserve).

Delivery method physical delivery

Transaction code AU

Physical gold: buying and selling physical gold coins from gold trading brokerage companies such as "Gaode Gold" through spot gold quotation.

Among them, both speculative gold futures and physical gold can be traded through software. Futures gold should buy at least one kilogram of gold futures contract, about 20 thousand RMB ... the unit of physical gold is ounce.