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    Gold Futures Exchanges

    Exchange Contract size Start date Pricequotation

    Nature

    of trading

    Outright Initial

    margin(April06)

    NYMEX100 oz99.5% purity

    31Dec74

    US$/oz

    Continuous openoutcry plus electronictrading via ACCESS

    Clearing

    member;member &hedge customer;$2,000 Non-member

    speculative$2,700

    TOCOM100g,1 kilo,99.99%purity

    23Mar82

    Yen/

    grammeContinuous

    computerised

    90,000(12,000 for the100g contract)

    MCX100g1kilo, 3kg

    10 Nov 2003 Rp/10gContinuouscomputerised

    4% (5% for the100g contract)

    NCDEX100g,1 kilo,99.99%purity

    15 Dec 2003 Rp/10gContinuouscomputerised

    Membership fee:

    as a cash freesecurity deposit

    CBOT

    100 oz(Full-sized),33.2 oz

    (Mini-sized),not less than99.5% purity

    20 Feb 1979

    (a 3 kilo contract waslaunched on 31 Dec

    1974)

    US$/oz

    Continuouscomputerised

    Per 100 oz

    contract:$1,500 (initial);$1,500(maintenance).Per 33.2 oz

    contract:$500(initial);$500(maintenance)

    TurkDEX 100g 4 Feb 2005Turkish

    Lira/gramme

    Continuous

    computerised'auction'

    Initial margin:250Turkish Lira per

    contract;Maintenancemargin: 187,5Turkish Lira percontract

    DGCX1Kilo 99.5%purity

    June 2005US$/oz

    Continuouscomputerised

    US$ 850 percontract

    http://www.nymex.com/gol_pre_agree.aspxhttp://www.cbot.com/http://www.tocom.or.jp/http://www.mcxindia.com/http://www.ncdex.com/http://www.ncdex.com/http://www.mcxindia.com/http://www.tocom.or.jp/http://www.cbot.com/http://www.nymex.com/gol_pre_agree.aspx
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    http://www.dgcx.ae/http://www.dmcc.ae/http://www.dmcc.ae/http://www.cgse.com.hk/en/home.htmlhttp://www.iab.gov.tr/english/mainen.phphttp://www.sge.sh/http://www.sge.sh/http://www.iab.gov.tr/english/mainen.phphttp://www.cgse.com.hk/en/home.htmlhttp://www.dmcc.ae/http://www.dmcc.ae/http://www.dmcc.ae/http://www.dmcc.ae/http://www.dgcx.ae/
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    http://www.lme.co.uk/http://www.lme.co.uk/
  • 8/8/2019 Gold Knowledge Trading

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  • 8/8/2019 Gold Knowledge Trading

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    Example of a forward price

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