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IGK offers our clients uninterrupted live pricing on London Gold. These markets have had a proven demand for many years, both with individual investors and at the institutional level, either for speculation or for hedging purposes.

IGK metals products are structured as CFDs which allows them to benefit from live tradable prices and the ability to sell short and buy long.

US Daylight Savings Time
  • Trading hours: Hong Kong time 06:00 – 05:00(+1)
US winter time
  • Trading hours: Hong Kong time 07:00 – 06:00(+1)

Price limitations

There are no price limitations for LONDON GOLD products.

Margin calculation

Margin = Index points intended to be earned × Value per index point

Gain and loss calculation

Long position gain and loss = (Closing price – opening price) × Value per index point
Short position gain and loss = (Opening price – closing price) × Value per index point
*The above calculations have excluded spreads.
*T&C can be changed according to market movements. Please refer to our latest announcements or notifications for the most updated information.
Precious Metals

Case 1:Short London Gold

The face value of 1 London Gold contract is 100 . The quoted spread is 5 points (the minimum fluctuation is 0.1).10 per index point. The client intends to earn 2,000 index points. The margin requirement for each contract is 20,000 .
The client considers the market as highly risky. The market may weaken in the future. To address this situation, the client intends to short London Gold.
London Gold is quoted at 1690.0/1691.0. The client takes a short position at 1690.0. Value per index point is 10. The client intends to earn 2,000 index points. This requires a margin of 20,000.
London Gold does weaken and drop. The price falls to 1609.0/1610.0 In response, the client chooses to close the position at 1610.0 The client makes a profit of 800 index points in the trade 1690.0 – 1610.0)/0.1 = 800).
If the client takes a short position at 1690.0 and closes the position at 1610.0. The profit of 800 index points is: 1690.0 – 1610.0) / 0.1 × 10 = 8,000 The total profit is 8000.

  • Price difference: 80.0 (London Goldlshort price 1690.0 – closing price 1610.0 = 80.0)
  • Points earned: +800 (1 base point = 0.1, then 0.0/0.1 = 800)
  • Profit earned: RMB+8000 (Value per index point = 10, then 30 x 800 × 10 = 8000)

*The above calculations have excluded spreads.

Case 2:long London Gold

The face value of 1 London Gold contract is 100 . The quoted spread is 5 points (the minimum fluctuation is 0.1).50 per index point. The client intends to earn 500 index points. The margin requirement for each contract is 25,000 .
The client considers the market as highly risky. The market may weaken in the future. To address this situation, the client intends to long London Gold .
London Gold is quoted at 1609.0/1610.0. The client takes a long position at 1610.0. Value per index point is 50. The client intends to earn 500 index points. This requires a margin of 25,000.
London Gold does weaken and drop. The price falls to 1640.0/1641.0. In response, the client chooses to close the position at 1640.0. The client makes a profit of 300 index points in the trade (1640.0 – 1610.0)/0.1 = 300).
If the client takes a long position at 1610.0 and closes the position at 1640.0 The profit of 80 index points is: (1640.0 – 1610.0) × 50 = 15,000. The total profit is15,000.

  • Price difference: 30.0(London Gold short price 1640.0 – closing price 1610.0 = 30.0)
  • Points earned: +300 (1 base point = 0.1, then 30.0/0.1 = 300)
  • Profit earned: RMB15,000 (Value per index point = 50, then 300 × 50 = 15000)

*The above calculations have excluded spreads.