GOLD FUTURES

Gold futures is a tool that investors can utilize to
make a profit based on forecasts of gold prices in both bull market and bear market.

Highlight specifications of GOLD FUTURES

Gold Futures Gold futures can be bought before sold or sold before bought and requires relatively low investment. In addition, the movement of gold prices does not correlate with stock prices. Gold futures is therefore an interesting option for profit making and diversification of investment portfolios. Investors can trade gold futures easily and conveniently via Thailand Futures Exchange ( TFEX) ’s electronic trading system. As Thailand Clearing House Co. , Ltd. is the guarantor of settlement and Securities and Exchange Commission ( SEC) is the regulator of TFEX and member firms, all transactions in TFEX are transparent, fair, and reliable.

2 Types of GOLD FUTURES

50 Baht Gold Futures

Launched on 2 February 2009

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10 Baht Gold Futures

Launched on 2 August 2010

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Details

  50 Baht Gold Futures 10 Baht Gold Futures
Underlying asset

gold bar
96.5 %

gold bar
96.5 %

Ticker symbol GF GF
1 contract size equals

THB 50
*1 baht = 15.244 grams

THB 10
*1 baht = 15.244 grams

Contract month 3 nearest even month ( February, April, June, August, October, December) 3 nearest even month ( February, April, June, August, October, December)
Price quotation THB/1 baht of gold THB/1 baht of gold
Minimum price fluctuations

THB 10
(THB 500 per contract)

THB 10
(THB 500 per contract)

Exchange fee

THB 35 per contract per side

THB 35 per contract per side

Other information

Price limit

+10% from the latest settlement price. Should the traded price reach the ceiling/floor limit, trading will be halted for a certain period by TFEX. After trading resumes, the ceiling/floor limit will expand to +20% of the latest settlement price.

Trading hours

Pre-open: 09:15 – 09:45 hrs. Morning session: 09:45 – 12:30 hrs.
Pre-open: 13:45 – 14:15 hrs. Afternoon session: 14:15 – 16:55 hrs.
Pre-open: 19:15 – 19:30 hrs. Night session: 19:30 – 22:30 hrs.

Speculative position limit

TFEX 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 contracts will cease at 16.30 hrs.

Final settlement price

Using London Gold AM Fixing price as reference price to calculate final settlement price. The calculation includes foreign exchange rate, weight, and purity conversion based on the following formula: Price per one baht of gold ( two decimal digits) = London Gold AM Fixing x (15.244/31.1035) x (0.965/0.995) x (THB/USD).

Remark

  • London Gold AM Fixing is the price per 1 troy ounce of 99.5% gold, whose weight equals 31.1035 grams.
  • 1 baht of gold equals 15.224 grams – 0.965 is the factor to convert the purity of gold to 96.5%.
  • THB/ USD is the foreign exchange rate announced by TFEX, calculated from the average of foreign exchange rates from commercial banks.

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