Formula: (selling price- buying rate) x contract unit x contract amount +/- interest - handling charge = profit & loss
Example 1: Customer sell 3 lots local London at US$ 450.00 on 2nd May. And buy back 3 lots local London at US$ 440.00 on 7th May to settle.
Profit & loss Calculation : (US$450.00- US$ 440.00) x 100 x 3 x 7.8 (transfer to HK$ ) = HK$23,400.00
(This example has not calculate the interest, warehouse fees and handling charges)
Passing gold price trend table
Year |
Average
price |
Lowest
Price |
Highest
Price |
In
1975 |
161.03 |
128.75 |
186.25 |
In
1976 |
124.82 |
103.5 |
140.35 |
In
1977 |
147.72 |
129.4 |
168.15 |
In
1978 |
193.24 |
166.3 |
243.65 |
In
1979 |
306.67 |
216.55 |
524 |
In
1980 |
612.74 |
474 |
850 |
In
1981 |
459.75 |
391.25 |
599.25 |
In
1982 |
375.8 |
296.75 |
488.5 |
In
1983 |
424.12 |
274.25 |
511.5 |
In
1984 |
360.36 |
303.25 |
406.85 |
In
1985 |
317.27 |
284.25 |
340.9 |
In
1986 |
367.94 |
326 |
442.75 |
In
1987 |
446.07 |
390 |
502.75 |
In
1988 |
436.77 |
389.05 |
485.3 |
In
1989 |
380.79 |
355.75 |
417.15 |
In
1990 |
383.59 |
345.85 |
421.4 |
In
1991 |
362.26 |
344.25 |
403.7 |
In
1992 |
343.95 |
330.2 |
359.6 |
In
1993 |
359.82 |
326.1 |
406.7 |
In
1994 |
384.15 |
369.65 |
397.5 |
In
1995 |
384.05 |
372.45 |
395.55 |
In
1996 |
387.87 |
367.4 |
599.25 |
In
1997 |
331.29 |
293 |
367.8 |
In
1998 |
294.09 |
273.4 |
313.15 |
In
1999 |
267.2 |
252.1 |
340 |
In
2000 |
279.11 |
263.8 |
312.7 |
In
2001 |
275.75 |
253.8 |
297.7 |
In
2002 |
314.4 |
276.7 |
352.1 |
In
2003 |
374.65 |
319.1 |
430.2 |
|
