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What do the contracts Au100g or Au9995 displayed in the gold trading market mean and what are the differences?

Au100g means "100 grams of gold bar".

AU9999 is 99.99% gold.

Au9995 is 99.95% gold

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Au100g contract parameters:

Transaction code: Au100g

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Trading unit: 100 grams/lot

Quotation unit: yuan/gram

Maximum single quotation volume: 1,000 lots

Minimum change price : 0.01 yuan/gram

Trading method: real offer transaction

Maximum daily price fluctuation limit: no more than ±30% of the closing price of the previous trading day

Trading hours: 10:00-11:30 am, 1:30-3:30 pm, 21:00-23:30 pm

Delivery varieties: Standard gold bars produced by enterprises recognized by the exchange , standard gold bars with a gold content of no less than 99.99%

Pick-up location: Exchange designated warehouses in Shanghai, Beijing, and Shenzhen

Transaction fee: no more than 10,000 yuan of the transaction amount Six (including risk funds)

Minimum delivery amount: 1 lot

Listed exchange: Shanghai Gold Exchange

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Shanghai Gold Exchange Spot Gold AU9995 standard contract

Trading type: 99.95% gold

Trading unit

1 kg/lot

Quotation unit

Yuan (RMB)/gram

Minimum price change

0.01 yuan/gram

Maximum daily price fluctuation limit

No more than ±10% of the closing price of the previous day

Contract delivery

The T+0 clearing speed will be implemented for fund clearing. Members and customers will go to the designated warehouse to pick up the physical goods according to the specified time. .

Trading hours

10:00—11:30 13:30—15:30

Trading methods

Free quotation, rub Synthetic intercourse.

Delivery grade

The exchange determines that the gold ingots produced by the enterprise meet the exchange's gold ingot quality standards.

The standard weight of gold ingots: 3 kilograms, the fineness is not less than 99.95%, gold ingots cannot be cut, and there are no substitutes.

Delivery location

The exchange designates delivery warehouses and implements "selecting stocks and picking up goods from the warehouse". The current pickup areas are Shanghai, Beijing and Shenzhen.

Delivery period

Instant transaction

Minimum trading margin

Full transaction

Transaction fee

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Six ten thousandths of the transaction amount

Delivery method

Physical delivery

Transaction code

AU9995

Listed exchanges

Shanghai Gold Exchange

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Shanghai Gold Exchange spot gold AU9999 standard contract

Trading variety 99.99% gold

The trading unit is 100 grams/lot

The quotation unit is yuan (RMB)/gram

The minimum price change is 0.01 yuan/gram

< p>The maximum daily price fluctuation limit shall not exceed ±10% of the previous day's closing price

For contract delivery, T+0 clearing speed will be implemented for fund clearing. Members and customers will go to the designated warehouse to withdraw physical goods according to the specified time. .

Trading hours 10:00—11:30 13:30—15:30

Trading method Free quotation, combined transaction.

Delivery grade: The exchange determines that the gold ingots produced by the enterprise meet the exchange's gold ingot quality standards.

The standard weight of gold ingots is 1 kilogram, and the fineness is not less than 99.99%. Gold ingots cannot be cut and there are no substitutes.

The delivery location is the delivery warehouse designated by the exchange, which implements "selecting stocks and picking up goods from the warehouse". The current pickup areas are Shanghai, Beijing and Shenzhen.

Instant transaction during the delivery period

Minimum trading margin for full transaction

Transaction fee is 60,000% of the transaction amount

Delivery method Physical delivery

Trading code AU9999

Listed exchange Shanghai Gold Exchange