Trading Guidelines (Precious Metals)
Product Profit / Loss Calculation
The profit and loss calculation method of spot gold and silver:
= (selling price – buying price) × contract unit × lot size
Example:
The customer buys 2 lots of spot gold contracts at 3300.2 and then sells 2 lots of spot gold contracts at 3320.2 on the same day to close position:
= ( 3320.2 – 3300.2 ) x 100 x 2 = $4,000
The profit and loss calculation method of RMB kilobar gold:
= (selling price – buying price) × contract unit × lot size
Example:The customer buys 2 lots of LKG at 750.2 and then sells 2 lots of LKG at 755.2 on the same day:
= ( 755.2 – 750.2 ) × 1000 × 2 = RMB 10,000