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Gold Futures
 
Contract Specification
Price Information
Margin

Contract Specification

Heading Contract specification
Underlying Assets
Gold Bullion with a purity of 96.5%
Contract Size
50 Thai Gold Baht (762.20 grams)
(1 Thai Gold Baht = 15.244 grams)
Contract Months
3 nearest even month : February, April, June, August, October, December
Minimum Price Fluctuations
(Tick Size)
Price quoted per 1 Thai Gold Baht

• Tick size is 10 Baht
Price Limit
+20% from previous day settlement price.
Trading Hours
Pre-open:   9:15 -   9:45 hrs.
Morning session:   9:45 - 12:30 hrs.
Pre-open: 14:00 - 14:30 hrs.
Afternoon session: 14:30 - 16:55 hrs.
Speculative Position limit
Exchange may announce the position limit as it deems appropriate.
Final Trading Day
The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Final Trading Day is 16:30 hrs.
Final Settlement Price
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 dollars 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
Settlement Method Cash Settlement
Exchange and Clearing Fee
50 Baht per contract per side
Brokerage commission Freely negotiable

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Price Information

Gold Futures Price
Reuters GFmy
0#GF:
.GFTVO.FX
Bloombergs TGBA <COMDTY>
TGBmy <COMDTY>
Thai Baht PM Fixing
Reuters <THBFIXP=>

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Margin

The members shall require its clients to deposit assets as an initial margin and maintenance margin for the derivative contracts, according to rules and regulations of Thailand Futures Exchange PCL (TFEX) and Thailand Clearing House Co., Ltd. (TCH)

Related Margin Reference
- TFEX's Rule and Regulation
 - TCH's Ruld and Regulation
- TCH's margin announcement

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