ZCZC
BCN-31
US-CHINA-HONGKONG-GOLD-PRICE
China’s benchmark interbank gold prices higher Wednesday
BEIJING, Dec. 4, 2019 (BSS/Xinhua) – China’s benchmark prices for spot
interbank gold transactions were higher Wednesday, according to the China
Foreign Exchange Trade System.
The benchmark price for gold of 99.95 percent pure or above stood at 331.82
yuan (about 47.15 U.S. dollars) per gram, 0.99 yuan higher from the previous
trading day, and that for gold of 99.99 percent pure or above were 1.69 yuan
higher at 333.00 yuan per gram.
Spot transaction prices on the interbank price inquiry market are allowed
to rise or fall within 15 percent from the benchmark prices each trading day.
The interbank gold price inquiry business was introduced in 2012 to enhance
market liquidity and enrich trading models.
Shanghai gold futures open higher
Gold futures opened higher Wednesday in daytime trading on the Shanghai
Futures Exchange.
The most active gold contract for February delivery was up 5.1 yuan (about
73 U.S. cents) to open at 339.4 yuan a gram.
China launched gold futures in January 2008.
Gold price opens higher in Hong Kong
The gold price in Hong Kong went up 130 Hong Kong dollars to open at 13,800
dollars (about 1,762.45 U.S. dollars) per tael on Wednesday, according to the
Chinese Gold and Silver Exchange Society. (1 U.S. dollar equals 7.83 HK
dollars)
BSS/XINHUA/HR/1415