Highlight specifications of GOLD FUTURES

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 2 February 2009
10 Baht Gold Futures
Launched on 2 August 2010
Heading 50 Baht Gold Futures 10 Baht Gold Futures
Underlying Asset Gold Bullion with a purity of 96.5%
Ticker Symbol GF GF10
Contract Size 50 Thai Gold Baht
(1 Thai Gold Baht = 15.244 grams)
10 Thai Gold Baht
(1 Thai Gold Baht = 15.244 grams)
Contract Months 3 nearest even month: February, April, June, August, October, and December
Price Quotation THB per one baht weight of gold
Minimum Price Fluctuations THB 10 (or THB 500 per contract) THB 10 (or THB 100 per contract)
Price Limit + 20% of the latest settlement price
Trading Hours
Pre-open: 09:15 - 09:45 hrs.
Morning Session: 09:45 - 12:30 hrs.
Pre-open: 13:45 - 14:15 hrs.
Afternoon Session: 14:15 - 16:55 hrs.
Pre-open: 18:45 - 18:50 hrs.
Night Session: 18:50 - 03:00 hrs. (the following day)
Position Limit 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.
Settlement Type Cash Settlement