Sat, 09 Dec 2023

BEIJING, Sept. 27 (Xinhua) -- China's benchmark prices for spot interbank gold transactions were lower Wednesday, according to the China Foreign Exchange Trade System.

The benchmark price for gold that is 99.95 percent pure or above stood at 473.5 yuan (about 66 U.S. dollars) per gram, down 1.45 yuan from the previous trading day, while the price for gold that is 99.99 percent pure or above fell 1.69 yuan to 474.04 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.

More Asia Pacific News

Access More

Sign up for Asia Pacific News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!