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, 2009
10 Baht Gold Futures : Launched on August 2nd, 2010
3 nearest even month: February, April, June, August, October, and December
THB per one baht weight of gold
Minimum Price Fluctuations
THB 10 (or THB 100 per contract)
THB 10 (or THB 500 per contract)
+20% of the latest settlement price
09:15 - 09:45 hrs.
09:45 - 12:30 hrs.
13:45 - 14:15 hrs.
14:15 - 16:55 hrs.
18:45 - 18:50 hrs.
18:50 - 03:00 hrs. (the following day)
Exchange may announce the position limit as it deems appropriate.
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.
In case the last trading day falls on a LBMA's holiday, TFEX will annouce the new last trading day accordingly
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)
The London Gold AM Fixing price on the last trading day as publish by ICE Benchmark Administration (IBA) 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 [LBMA Gold Price/LBMA Silver Price], which is administered and published by ice benchmark administration limited (iba), serves as, or as part of, an input or underlying reference for 50 BAHT GOLD FUTURES / 10 BAHT GOLD FUTURES.
[LBMA Silver Price/LBMA Gold price] is a trade mark of Precious Metals Prices Limited, and is licensed to iba as the administrator of the [LBMA Silver Price/LBMA Gold Price]. ICE BEnchmark adminstration is a trade mark of iba and/or its affiliates. [The LBMA Gold Price [AM/PM]/LBMA Silver Price], and the trade marks [LBMA GOLD PRICE/LBMA SILVER PRICE] and ICE Benchmark Administration, are used by THAILAND FUTURES EXCHANGE PCL. with permission under licence by iba.
IBA AND ITS AFFILIATES MAKE NO CLAIM, PREDICATION, WARRANTY OR REPRESENTATION WHATSOEVER, EXPRESS OR IMPLIED, AS TO THE RESULTS TO BE OBTAINED FROM ANY USE OF THE [LBMA GOLD PRICE/LBMA SILVER PRICE], OR THE APPROPRIATENESS OR SUITABILITY OF THE [LBMA GOLD PRICE/LBMA SILVER PRICE] FOR ANY PARTICULAR PURPOSE TO WHICH IT MIGHT BE PUT, INCLUDING WITH RESPECT TO 50 BAHT GOLD FUTURES / 10 BAHT GOLD FUTURES. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ALL IMPLIED TERMS, CONDITIONS AND WARRANTIES, INCLUDING, WITHOUT LIMITATION, AS TO QUALITY, MERCHANTABILITY, FITNESS FOR PURPOSE, TITLE OR NON-INFRINGEMENT, IN RELATION TO THE [LBMA GOLD PRICE/LBMA SILVER PRICE], ARE HEREBY EXCLUDED AND NONE OF iba OR ANY OF ITS AFFILIATES WILL BE LIABLE IN CONTRACT OR TORT (INCLUDING NEGLIGENCE), FOR BREACH OF STATUTORY DUTY OR NUISANCE, OR UNDER ANTITRUST LAWS OR OTHERWISE, IN RESPECT OF ANY INACCURACIES, ERRORS, OMISSIONS, DELAYS, FAILURES, CESSATIONS OR CHANGES (MATERIAL OR OTHERWISE) IN THE [LBMA GOLD PRICE/LBMA SILVER PRICE], OR FOR ANY DAMAGE, EXPENSE OR OTHER LOSS (WHETHER DIRECT OR INDIRECT) YOU MAY SUFFER ARISING OUT OF OR IN CONNECTION WITH THE [LBMA GOLD PRICE/LBMA SILVER PRICE] OR ANY RELIANCE YOU MAY PLACE UPON IT.”
Quote Vendor Codes
50 Baht Gold Futures
10 Baht Gold Futures
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