Gold shops in Hong Kong are generally priced according to the "two", which is completely different from the "two" in the Mainland.
1, the mainland's "two" is 50g, one kilogram equals twelve, and 1 kg equals 20 ounces;
2. But in Hongkong, "gold" and "beam" are traditional concepts of China. A catty is equal to 600g, and a catty is equal to 16 liang (from which half of A Jin is derived), and one or two is equal to 10 yuan.
3. Converted, one or two in Hong Kong and Macao is equal to 37.5g At present, the gold price in Hong Kong is updated daily according to the change of international gold price. Today, the price of gold jewelry in Hong Kong is 13830 Hong Kong dollars/gram, which is about 289 yuan/gram when converted into the mainland price, which is cheaper than the mainland gold price.
Extended data:
The trading month is three consecutive months from the current month, or even the following month. The longest trading cycle can reach 25 months. The transaction is conducted by open bidding in Cantonese, supplemented by hand numbers. The delivery standard of gold bars is 100 oz, 50 oz, 1 kg, and the delivery place is in Hong Kong. In order to reduce the risks borne by investors, the exchange has set up a trading stop and margin system.
The stop-loss price in the Hong Kong gold futures market is $40. The down payment system requires the buyers and sellers of each contract to pay a down payment equivalent to 65,438+00% of the total contract price. If the face value of the contract is reduced to the specified minimum level (70% of the deposit) due to price fluctuation, investors need to pay additional deposit for the price lower than the original amount.
In Hong Kong's gold market, due to the competition between chinese gold and silver exchange society and the local London gold market, and because both systems allow deferred settlement, they have already possessed the characteristics and functions of the gold futures market, so the gold futures market in Hong Kong is not very active and its importance has declined.
Baidu Encyclopedia-Hong Kong Gold Futures