What is Shanghai Gold Detailed explanation of Shanghai gold trading rules

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Gold, as one of the most closely watched investment products in the precious metals market, has always been the object of investors in the rush to buy investment, and now various gold investment varieties are becoming increasingly diversified. The Shanghai gold that I will introduce to you today is There are a few investment types that investors are more interested in. Let's take a look at how Shanghai Gold will trade in the end.


What is Shanghai Gold


It is not hard to see from the name that Shanghai Gold is the abbreviation of au (t + d), a deferred settlement business of Shanghai Gold and Gold Exchange. It is bought and sold in installments. Traders can choose to deliver on the same day as the contract, or postpone delivery.


Shanghai Gold Trading Rules


1. Implement the t + 0 trading method, that is, investors buy on the same day and can sell on the same day.

2. Trading unit kg / lot; quoted unit is yuan / gram.

3. The minimum price change is 0.01 yuan / gram.

4. Trading hours 10: 00-11: 30; 13: 30-15: 30 and night market 9: 00-2: 30.

5. The minimum delivery amount is 1 kg.

6. 15% down payment.

7. The maximum daily fluctuation of the trading price is ± 5%. Investors' quotes exceeding this fluctuation range are considered invalid and cannot be traded.

8. Mandatory liquidation, that is, when the investor's account margin is insufficient due to price fluctuations, the exchange will perform a forced sell operation.

9, day-end settlement, the implementation of a daily debt-free system.

10. The deferred compensation rate is two ten thousandths. For overdue position contracts, an overdue compensation fee is charged. The overdue compensation fee is charged to buyers and sellers regardless of the direction. For contracts that are extended for more than 20 trading days, the overdue compensation fee is one ten thousandth a day.


The above is the relevant introduction of the Shanghai gold variety and specific trading rules. Investors interested in Shanghai gold can pay attention to the market changes of this variety. If the above is helpful to you, don't forget to follow the Followme community to learn more about investment and financial management.

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