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Gold Futures is a futures contract with gold (96.5% purity) as an underlying asset. Gold is the oldest precious metal known to man and for thousands of years it has been valued as a global currency, a commodity, an investment and simply an object of beauty. The characteristic of gold price movement that do not correlate with the equity market makes gold futures a very interesting investment option. Holding precious metals such as gold in a portfolio can give apparent benefits in the form of speculative gains, investment gains, hedging against macroeconomic and geopolitical risk and or wealth preservation. Experienced and educated investors have long known that gold and related investments can be strong investment choices. Currently TFEX offers 2 type of gold futures.
50 Baht Gold Futures : Launched on February 2nd, 2010
10 Baht Gold Futures : Launched on August 2nd, 2011
Summary of Gold Futures Contract Specification
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Heading |
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10 Baht Gold Futures |
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50 Baht Gold Futures |
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Underlying Asset |
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Gold Bullion with a purity of 96.5%
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Ticker Symbol |
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GF10 |
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GF |
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Contract Size |
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10 Thai Gold Baht (152.44 grams)
(1 Thai Gold Baht = 15.244 grams) |
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50 Thai Gold Baht (762.20 grams)
(1 Thai Gold Baht = 15.244 grams) |
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Contract Months |
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3 nearest even month :
February, April, June, August, October, December |
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Price Quotation |
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Baht per one
baht-weight of gold |
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Minimum Price Fluctuations |
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THB 10
(or THB 100 per contract) |
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THB 10
(or THB 500 per contract) |
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Price Limit |
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Initial price limit is
+10% from the latest settlement price. Should traded price reach the limit, trading will be halted for a certain period announced by TFEX. After trading resumes, the price limit will be expanded to +20% of
the latest settlement price. |
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Trading Hours |
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| Pre-open: |
09:15 - 09:45 hrs. |
| Morning session: |
09:45 - 12:30 hrs. |
| Pre-open: |
14:00 - 14:30 hrs. |
| Afternoon session: |
14:30 - 16:55 hrs |
| Pre-open: |
19:15 - 19:30 hrs. |
| Night session: |
19:30 - 22:30 hrs. |
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Speculative Position Limit
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Exchange may announce the position limit as it deems appropriate. |
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Last Trading Day
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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. |
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Final Settlement Price
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The Final Settlement Price shall be calculated on
- the basis of the London Gold A.M. Fixing price announced by London Gold Market Fixing
Limited on the last trading day and the foreign exchange
rate for Baht to US dollar
announced by TFEX on the last trading day, after conversion for weight and fineness.
The formula for its calculation is as follows:
= London Gold AM Fixing x (15.244/31.1035) x (0.965/0.995) x
(THB/USD)
Note:
- 1 troy ounce = 31.1035 grams
- 1 Thai Gold Baht = 15.244 grams
- London Gold AM Fixing is based on 0.995 gold
- The underlying of gold futures contract is 0.965 gold
- Price per one baht-weight of gold (2 decimal points) |
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Settlement Method
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Cash Settlement |
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Exchange Fee
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THB 10 per contract per side |
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THB 50 per contract per side |
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Brokerage Commission
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Freely negotiable | |
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Top |
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Remark :
The above description is a summary of the contract
specification. Please refer to
the procedures of listing of Derivatives Contracts
for the official contract specification. |
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Quote Vendor Codes
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| Gold Futures Price
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 Thomson Reuters |
[10 Baht Gold Futures] |
[50 Baht Gold Futures] |
GF10my
0#GF10:
.GF10TVO.FX |
GFmy
0#GF:
.GFTVO.FX |
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Bloomberg |
TMDA <comdty>
TMDmy <comdty> |
TGBA <comdty>
TGBmy <comdty> |
Thai Baht PM Fixing |
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Thomson Reuters <THBFIXP=> |
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