| Name | LME Gold | |
|---|---|---|
| Contract code | AU | |
| Contract type | Futures | |
| Underlying material | Loco London Fine Gold held in London and complying with standards relating to good delivery and fineness acceptable to the Precious Metal Clearer of the Clearing House for the purpose of effecting settlement with the Clearing House, as such standards are in effect from time to time. | |
| Lot size |
100 fine troy ounces | |
| Price quotation |
US dollars and cents per fine troy ounce |
|
| Clearable currencies |
US dollars |
|
| Trading venues |
LMEselect |
Inter-office market |
| Trading hours | 01:00 – 20:00 London time |
24 hours |
| Contract period |
Daily Dates tradeable from T+1 to T+3, Monthly Dates for at least 24 months (third Wednesday Prompt) and for a further twelve Calendar Quarterly Dates, as defined in the LME Rulebook |
Daily Dates tradeable from T+1 to T+25, Monthly Dates for at least 24 months (third Wednesday Prompt) and for a further twelve Calendar Quarterly Dates, as defined in the LME Rulebook |
| Minimum price fluctuation (tick size) |
$0.100 per fine troy ounce |
$0.001 per fine troy ounce |
| (Carries) |
$0.001 per fine troy ounce |
$0.001 per fine troy ounce |
| Termination of trading |
The last trading time for LMEprecious Gold Futures shall be 16:00 London time on the Last Trading Day. The Last Trading Day for LMEprecious Gold Futures shall be the Business Day which is one Business Day before the Prompt Date. |
|
| Settlement procedure |
All unallocated Precious Metal deliveries to LME Clear should be made to LME Clear's nominated Precious Metal Clearer, in accordance with the Settlement Instructions issued by LME Clear |
|
| Margining |
Realised Variation Margins applied |
|
1 Defined terms used in this contract specification shall have the meaning ascribed to them in the LME Rulebook or LME Clear Rulebook (as appropriate)
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