Gold Futures
A futures contract based on the price of gold bullion, used as a tool for speculating on or hedging against the volatility of gold prices. The buyer and seller agree on a price today for a settlement or delivery in the future.
Start Trading with a Small Investment.
Trade Gold with a Small Initial Margin.
Manage Your Risk.
Gold Prices Move Independently of the Stock Market.
Contract Specification
| Heading |
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| Underlying Asset | Gold Bullion with a purity of 96.5% | |||||||||
| Ticker Symbol |
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| Contract Size |
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| Contract Months | 3 nearest even month: February, April, June, August, October, and December | |||||||||
| Price Quotation | THB per one baht weight of gold | |||||||||
| Minimum Price Fluctuations |
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| Price Limit | ±20% of the latest settlement price | |||||||||
| Trading Hours |
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| Position Limit | Exchange may announce the position limit as it deems appropriate. | |||||||||
| Last Trading Day | The business day immediately preceding the last business day of the contract month. The trading of expiring contract will be ceased at 16:30 hrs on Last Trading Day. In case the last trading day falls on a LBMA's holiday, TFEX will annouce the new last trading day accordingly | |||||||||
| Final Settlement Price |
The final settlement price formula is as follows:
= London Gold AM Fixing x (15.244/31.1035) x (0.965/0.995) x (THB/USD)
The London Gold AM Fixing price on the last trading day as publish by ICE Benchmark Administration (IBA) and the foreign exchange rate for Baht to US dollar announced by TFEX on the last trading day, after conversion for weight and fineness.* * Exchange Rate by Refinitive (THBTRDF=BKTH) |
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| Settlement Method | Cash Settlement | |||||||||
| Exchange Fee |
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| Brokerage Commission | Freely negotiable | |||||||||
| Remark | The above is a summary of the contract specification. Please refer to the Regulations and Procedures Chapter 600: Listing of Derivatives Contracts for the official contract specifications. |
