TFEX : Gold Futures

Gold Futures is a futures contract with gold (96.5% purity) as an underlying asset and settled in Thai Baht. The characteristic of gold price movement that do not correlate with the equity market makes gold futures a very interesting investment option in bullish and bearish markets. Currently there are 2 sizes of contracts which are the 10 baht contract and 50 baht contract. Details are as follow;
 

Contract Specification

A B
Underlying Asset
10 Thai Gold Baht of Gold Buillion with a purity of 96.5% (GF10)
50 Thai Gold Baht of Gold Buillion with a purity of 96.5% (GF)
Contract Size
10 Thai Gold Baht(1 Thai Gold Baht = 15.244 grams)
50 Thai Gold Baht(1 Thai Gold Baht = 15.244 grams)
Contract Months 3 nearest even month : February (G) April (J) June (M) August (Q) October (V) and December (Z)
Price Quotation THB per one baht weight of gold
Minimum Price Fluctuations
THB 10 (or THB 100 per contract)
THB 10 (or THB 500 per contract)
Price Limit
± 10% of latest daily settlement price, market will be temporarily halted.
When market resume trading, daily price limit will be expanded to ±20% of latest daily settlement price
Trading Hours
Pre-open:
09:15 - 09:45 hrs.
Day session:
09:45 - 16:55 hrs.
Pre-open:
18:45 - 18:50 hrs.
Night session:
18:50 - 03:00 hrs. (The Following day)
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.
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)

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