Gold futures, a precious metal futures variety, was officially listed on the Shanghai Futures Exchange on1October 9. Shanghai Futures Exchange announced that the benchmark price of gold futures contracts for each term was set at 209: 99 yuan/gram. Gold futures refer to futures contracts with the gold price in the international gold market as the transaction target at a certain time in the future. The profit and loss of investors buying and selling gold futures is measured by the difference between entry and exit, which is the physical delivery after the contract expires.

Second, the international gold futures trading rules-trading time:

08: 55 ~ 08: 59 call auction (entrusted by the customer, not matched)

08: 59 ~ 09: 00 Matchmaking transaction 09: 00 ~ 10: 15 Normal transaction.

10:15 ~10: 30 Dalian and Shanghai Zhengzhou futures exchanges are closed.

10: 30 ~1:30 normal trading13: 30 ~14:10 normal trading.

14:10 ~14: 20 Shanghai Futures Exchange is closed.

/kloc-normal trading from 0/4: 20 to 15: 00.

Trading variety: gold

Transaction unit: 1000g/ lot.

Quotation unit: RMB/gram

Minimum price change: 0.0 1 yuan/gram.

Maximum fluctuation limit of daily price: no more than 5% of the settlement price of the previous trading day.

Contract delivery month:1-65438+February.

Trading time: 9: 00 am-165438+0:30 pm-65438+0: 30 pm.

Last trading day: 15 of the delivery month of the contract (postponed in case of legal holidays).

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

Delivery grade: domestic gold ingots with a gold content of not less than 99.95% and standard gold ingots produced by qualified suppliers or refineries recognized by the London Gold and Silver Market Association (LBMA) recognized by the Exchange (see Annex for specific quality regulations).

Delivery place: delivery warehouse designated by the international gold price exchange.

Minimum trading margin: 7% of the international gold contract value.

Transaction costs: including risk reserve.

Delivery method: physical delivery

Transaction code: AU

Listed Exchange: Shanghai Futures Exchange

Three. International gold futures trading rules-delivery unit

The trading unit of a gold price standard contract is 65,438+0,000 grams per lot, and the delivery unit is 3,000 grams of the standard weight (net weight) of each warehouse receipt, and the delivery should be an integral multiple of each warehouse receipt.