Precious Metals

Precious Metals – Gold and Silver

Gold and silver are the most popular in precious metals trading market, both against inflation and investment. Precious Metals trading is done similarly to forex currency trading where investors take short or long positions. TeleTrade provides the best-of-market spreads and execution without having additional foreign exchange exposure. You can conduct instant precious metal trading through TeleTrade MT4 trading platform 24 hours a day.

Gold: Unlike most commodities, the price of gold is not determined by the production value and consumption. Because so far most of the gold mining are still continue and gold can be re-enter to the market. Therefore, the price of gold tends to be swayed by political events, become a hedging tool for turbulent moments.

Silver: Silver is one of precious metal. Demand in jewelry and silverware production. Because of its irreplaceable characteristics, the price of silver is more volatile compared to many other metals.

Contract Details

GoldSilver
Trading CodeXAUUSDXAGUSD
Standard Contract Size100 ounces each Lot2,500 ounces each Lot
SpreadUSD 0.5USD 0.05
Minimum Price VolatilityUSD 0.1USD 0.01
Value of Each PointUSD 10USD 25
Minimum Trading Lot0.010.01
Maximum Trading Lot100 Lots100 Lots
Percentage of Margin Requirment0.5%0.5%
Handling FeeN/AN/A
Overnight InterestThe interest is the carrying charge calculated according to the market interest.The interest is the carrying charge calculated according to the market interest.
Differences in International Time ZoneAdjustment in Winter Time Adjustment in Winter Time

Examples of Gold Transaction

Open Position Close Position Profit/Loss (USD)
Buy (Long) Buy 1 unit gold at USD 1,120 Position close at USD 1,150 Profit by spread: USD 30
30*100= USD 3000
Open Position Close Position Profit/Loss (USD)
Sell (Short) Sell 1 unit gold at USD 1,150 Position close at USD 1,120 Profit by spread: USD 30
30*100= USD 3000

Example of Silver Transaction

Open Position Close Position Profit/Loss (USD)
Buy (Long) Buy 1 unit silver at USD 15.80 Position close at USD 16.80 Profit by spread: USD 1 *100 points
Profit: 100*25= USD 2500
Open Position Close Position/td> Profit/Loss (USD)
Sell (Short) Sell 1 unit silver at USD 16.00 Position close at USD 15.00 Profit by spread: USD 1 *100 points
Profit: 100*25= USD 2500