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SHFE Gold Contract Specification


Product

Gold

Contract Size

1,000 grams/lot

Price Quotation

Yuan (RMB)/gram

Minimum Price Fluctuation

0.02 yuan/gram

Range of Price Limit

Within 3% of the settlement price of the preceding trading day

Listed Contracts

Monthly contract for the most recent 3 months and bimonthly contract for the most recent 13 months

Trading Hours

9:00 a.m. to 11:30 a.m., 1:30 p.m. to 3:00 p.m., and other hours specified by the Exchange (Beijing Time)

Last Trading Day

15th day of the contract month (postponed accordingly if it is a legal holiday in China and subject to separate adjustment and announcement by the Exchange if it falls in the Spring Festival month or another month specially designated by the Exchange.)

Delivery Period

The first business day after the last trading day

Grade and Quality Specifications

Domestic gold ingots with gold content not less than 99.95% and standard gold ingots produced by a supplier or refiner certified by the London Bullion Market Association (LBMA) and recognized by the Exchange (refer to the Annex for detailed quality standards).

Delivery Venue

SHFE-designated gold delivery warehouses

Minimum Trade Margin

4% of contract value

Settlement Type

Physical delivery

Delivery Unit

3,000 grams

Contract Symbol

AU

Listing Exchange

Shanghai Futures Exchange

Notes: Amended as per SQBF2020No. 134

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