Futures in China
Gold Contract Specification 2014-09-01
Product Gold
Contract Size 1 kilogram/lot
Price Quotation (RMB) Yuan/ton
Minimum Price Fluctuation 0.05 Yuan/gram
Daily Price Limit Within 3% above or below the settlement price of the previous trading day
Contract Series Monthly contract of the recent 3 consecutive months and consecutive even months contracts within the recent 11 months
Trading Hours 9:00 a.m. to 11:30 a.m., 1:30 p.m. to 3:00 p.m. (the Beijing Time)
Last Trading Day The 15th day of the spot month (If it is a public holiday, the Last Trading Day shall be the 1st  business day after the holiday)
Delivery Period The 5 consecutive business days after the last trading day
Grade and Quality Specifications Domestic product: gold bullion with a fineness of no lower than 99.95%
Foreign product: Standard bullions of the suppliers and refiners of the gold list of LBMA good delivery that are certified by the SHFE for physical delivery.
(More details on quality specifications to be found in the Appendix)
Delivery Venue SHFE Certified Delivery Warehouse
Minimum Trade Margin 4% of contract value
Settlement Type Physical Delivery
Contract Symbol AU
Exchange SHFE