Unlike most commodities, gold is not dominated by production and consumption levels – so far most gold mines continue to be mined and can re-enter the gold market. Therefore, the price of gold is often dominated by global political and economic events and has become a tool for hedging in times of turmoil.
As a precious metal, silver has irreplaceable characteristics in large-scale industrial applications and in the production of jewelry and silver products. Because it is widely used in the electronics industry and as a photographic light-sensitive material, its price fluctuates more than many other metals.
| Item | Spot Gold | Spot Silver |
| Contract Unit | 100oz/Hand | 5000oz/Hand |
| Margin | 1000USD/Hand | 2000USD/Hand |
| Lock deposit | $1,000/set (1 set for 1 buy, 1 sell) | $2,000/set (1 set for 1 buy, 1 sell) |
| Handling fee | 50USD/Hand | |
| Quote spread | 0.5 USD / ounce (floating) | 0.05 USD / ounce (floating) |
| Limit order must be from market price | 3.0 USD (floating) | 0.3 USD (floating) |
| Position overnight interest | Gold (long/short) unified charge of $3 / hand / day. Silver (long/short) Unified charge of $6 / hand / day. Wednesday is big interest day. Hold overnight on Wednesday will be charged 3 days interest. Hold overnight on weekends free of charge. | |
| Set Time | Summer Time: System time is 00:00 daily (5:00 am Hong Kong time) | |
| Winter Time: System time is 00:00 daily (6:00 am Hong Kong time) | ||
| Due to the settlement factor, trading will be suspended from 05:00-06:00 (Summer Time) and 06:00-07:00 (Winter Time) in HK time | ||
| Commodity Trading Time | Summer Time: System time Monday 03:00 to Friday 22:30 (Hong Kong time Monday 08:00 to Saturday 03:30) | |
| Winter Time: System time Monday 02:00 to Frida 21:30 (Hong Kong time Monday 08:00 to Saturday 03:30) | ||
| Pending order (including stop loss, take profit) effective time | Valid on the day (Reset every other day) | |
| If the funds are insuffiecient during the trading hours, the processing method of the open position | Forcibly closing the position, when the margin ratio is ≤ 30%, the system will automatically close the warehouse receipt with the largest loss until the margin ratio is >30%. | |
| Note: If the market is too fast and too large, the system may not be able to perform the liquidation immediately when the margin ratio is ≤ 30%. Therefore, the net value after closing the position may be significantly lower than 30% of the occupied margin or a negative value. Understand that this non-system can control. | ||
| Forcibly closing the position, holding the position of the market | Mainly to help you avoid losses that exceed the principal invested. At the same time, as an added safeguard, we provide account deficit protection (ie, when your account has a negative balance due to forced liquidation, we contribute to make up the negative balance of your loss) and protect traders from potential financial losses. | |
| In the case of a market opening or an abnormal market, when the order level falls into the price gap caused by the market price jump, the order will be executed as follows. | a) When the "Stop Loss" or "Take Profit" position falls into the price gap, follow the first available price after the price gap and add the note [sl/gap] or [tp/ Gap]; | |
| b) "Buy Stop", "Sell Stop", "Buy Limit", "Sell Limit", pending orders are executed at the first available price after the price gap, and add the note [started/gap]; | ||
| It should be noted that conditional orders may not limit your losses. | ||
| Remarks | The maximum number of trades per lot is 30 lots, with a maximum of 30 orders (including pending orders). | |
Risk Disclosure : Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money rapidly due to leverage. You may be required to submit a further deposit to meet your margin requirements. You should consider whether you understand how CFDs work, and whether you can afford to take the risk. The financial performance history of any underlying instrument is not a guarantee or indicator of future performance. Trading financial derivatives may not be suitable for all investors. Please ensure that you fully understand the risks involved, and seek independent advice if necessary.
Golden Day Profit Limited is a financial institution that specializes in providing multi-asset trading services including currencies (forex, forex or forex), commodities, indices, and stocks to institutional and retail investors, and is primarily compensated for brokerage services through bid/ask price differentials (spreads) and/or commissions.
Golden Day Profit Limited does not provide services to residents of certain countries such as the United States, Brazil, Canada, Egypt, Iran, and North Korea (Democratic People's Republic of Korea) and European Union countries.
Golden Day Profit Limited Registered at Room 32, 11/F, LEE KA INDUSTRIAL BUILDING 8 NG FONG STREET, SAN PO KONG, KOWLOON, HONGKONG with company Number 50665092. The main office is located at: Address : SOHO Block 19-05 Residensi 280, 1KM HIGHWAY SELAYANG-KEPONG, 68100 BATU CAVES, SELANGOR
This website: www.rlgold.com operated by Golden Day Profit Limited.
GOLDEN DAY PROFIT LIMITED is registered at Room 32, 11/F, LEE KA INDUSTRIAL BUILDING, 8 NG FONG STREET, SAN PO KONG, KOWLOON, HONGKONG with Company Number 50665092