xi's moments
Home | Macro

China's benchmark interbank gold prices higher Friday

Xinhua | Updated: 2022-11-25 13:24

China's benchmark prices for spot interbank gold transactions are higher on Aug 14. [Photo/Xinhua]

BEIJING -- China's benchmark prices for spot interbank gold transactions were higher Friday, according to the China Foreign Exchange Trade System.

The benchmark price for gold that is 99.95 percent pure or above stood at 406.47 yuan ($57) per gram, up 2.06 yuan from the previous trading day, while the price for gold that is 99.99 percent pure or above went up 1.55 yuan to 405.9 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.

Global Edition
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349