| Contract Specification |
The Exchange has four types of contract, which are '99 Tael Gold Contract' and 'Kilo Gold Contract' which are traded with the open outcry method; Electronic Trading for 100oz and 10oz Loco London Gold, and 5000oz and 500oz Loco London Silver. |
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| 99 Tael Gold Contract |
Traded with open outcry method
| '99 Tael Gold Contract' is the unique product in Hong Kong market, details as below:
| Fineness |
99 |
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Trading Lot
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100 taels |
| Price Indication |
HK$ per tael |
| Minimum Price Fluctation |
HK$ 0.5 per tael |
| Premium Calculation |
HK$ per 100 taels |
| Premium Fixing |
Monday to Friday: 11:00 |
| Settlement Price |
Monday to Friday
AM: 11:30
PM: 16:30
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| 9999 Kilo Gold Contract |
Traded with open outcry method
'9999 Kilo Gold Contract' has been a new trading product in the Exchange since 2002, details as below:
| Fineness |
999.9 |
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Trading Lot
|
5 kilograms |
| Price Indication |
HK$ per gram |
| Minimum Price Fluctation |
HK$ 0.01 per gram |
| Premium Calculation |
HK$ per 5 kilograms |
| Premium Fixing |
Monday to Friday: 11:15 |
| Settlement Price |
Monday to Friday
AM: 11:30
PM: 16:30
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| 100 Ounce Loco London Gold Contract |
Traded with the electronic trading system
100 Ounces Loco London Gold Contract
| Fineness: |
Pure Gold |
| Basic Trading Unit: |
100 ounces |
| Minimum Price Fluctuation: |
USD0.01 per ounce |
| Settlement Price: |
Average price at a specific time frame |
| Premium Calculation: |
Determined by the Executive and Supervisory Committee, based on a specific time frame
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| Premium Fixing: |
With reference from LBMA |
| Delivery: |
400 ounce gold bar of 995 fineness, produced by refineries of LBMA good delivery list.
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| Trading Hours: |
(Hong Kong Time) 08:00-03:30(Next day), Monday to Friday |
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| 10 Ounce Loco London Gold Contract |
Traded with electronic trading system
10 Ounces Loco London Gold Contract
| Fineness: |
Pure Gold |
| Basic Trading Unit: |
10 ounces |
| Minimum Price Fluctuation: |
USD0.01 per ounce |
| Settlement Price: |
Average price at a specific time frame [Not disclose to public] |
| Premium Calculation: |
Determined by the Executive and Supervisory Committee, based on a specific time frame |
| Premium Fixing: |
With reference from LBMA |
| Delivery: |
400 ounce gold bar of 995 fineness, produced by refineries of LBMA good delivery list. |
| Trading Hours: |
(Hong Kong Time) 08:00-03:30(Next day), Monday to Friday |
The Exchange is proactively developing new products in order to cope with the needs of international market as well as for business development.
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| 5000 Ounce Loco London Silver Contract |
Traded with the electronic trading system
5000 Ounces Loco London Silver Contract
| Fineness: |
Pure Silver |
| Basic Trading Unit: |
5000 ounces |
| Minimum Price Fluctuation: |
USD0.0001 per ounce |
| Settlement Price: |
Average price at a specific time frame |
| Premium Calculation: |
Determined by the Executive and Supervisory Committee, based on a specific time frame
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| Trading Hours: |
(Hong Kong Time) 08:00-03:30(Next day), Monday to Friday |
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| 500 Ounce Loco London Silver Contract |
Traded with the electronic trading system
500 Ounces Loco London Silver Contract
| Fineness: |
Pure Silver |
| Basic Trading Unit: |
500 ounces |
| Minimum Price Fluctuation: |
USD0.0001 per ounce |
| Settlement Price: |
Average price at a specific time frame |
| Premium Calculation: |
Determined by the Executive and Supervisory Committee, based on a specific time frame
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| Trading Hours: |
(Hong Kong Time) 08:00-03:30(Next day), Monday to Friday |
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| Conversion Table |
Please refer to the following for the conversion of different units:
For instance:
Ounces troy to ounces avoirdupois x 1.0971428
Ounces troy to taels x 0.831
Kilograms to ounces troy x 32.1507465
Grammes to ounces troy x 0.0321507465 |
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