Gold
The greatest value of gold is its generality. It is the oldest metal that has been highly valued as ornaments and art works for it’s unflagging luxurious golden shine and has fascinated many people since the ancient times.
Meanwhile, gold has also been used as one of the metals for trading and as money (such as the gold standard). It is used and processed as gold medal all over the world. Also, gold has been targets of savings and investments. When in circumstances that Geopolitical risks arise, gold is used as safety nets for its safeness as physical assets.
Gold is a metal that has multilateral features and is also used in medical and electronic fields.
| Launched |
March, 2023 |
|---|---|
| Listed Commodity Component products |
Gold |
| Target of Trade |
Gold of minimum 99.5% fineness |
| Type of Trade |
Cash-settled Rolling Spot Futures Transaction |
| Contract Size |
1unit(10g) |
| Price Quotation |
１g |
| Minimum Price Fluctuation |
0.1 yen |
| Trading Hours |
［Day Sessions］ 9:00a.m. – 3:00p.m. |
| Contract Term |
One Clearing Period (Rolling Spot Futures) |
| Theoretical spot price |
The price determined by multiplying the average middle rate of Gold(XAU) distributed by the news media determined by the Exchange and the average middle exchange rate(Dollars-Yen) of the same news media. For details refer to Article 2 of ［ the Enforcement Rules of Cash-settled Rolling Spot Futures Transactions ］ |
| About Rolling Spot Futures |
If there is no offsetting resale or repurchase of the Rolling Spot Futures contract, the contract will close right before theIf there is no offsetting resale or repurchase of the Rolling Spot Futures contract, the contract will close right before the trading hour of the next clearing period starts and simultaneously, immediately the next clearing period starts, a new contract with the same content will establish |
| Price Limits |
Upper Limit The settlement price of the previous clearing period × 1.1 Refer to article Ⅱ.1.(1) of ［ the Enforcement Rules on Market Management (Precious Metals Market) ］ |