Business is booming.

Gold trade volume in China increased in the first quarter of the year

0 43

According to the Central Bank’s statement, the volume of gold trade in China increased in the first quarter of the year. According to the report published by the People’s Bank of China (Central Bank), the gold trade volume realized in Shanghai Gold Exchange in the first three months of the year increased by 2.6 percent compared to the same period of the previous year and reached 9 thousand 579.04 tons.

According to the source, the value of the gold trade, which was processed in the stock market, was 3.69 trillion yuan (550.75 billion dollars) with an increase of 5.2 percent in the first three months compared to the previous year.

On the other hand, the closing gram price of 99.99 percent pure or purer gold in Shanghai Gold Exchange at the end of March was 394.14 yuan. This is as high as 5.4 percent compared to the price of gram gold at the end of 2021. In the report mentioned above, it is stated that the international gold price at the end of March 2022 is 1,942.15 dollars per ounce, which means an increase of 8.3 percent compared to the end of 2021. Established in October 2002, Shanghai Gold Exchange provides trading and clearing services for gold, silver and platinum.

Source China International Radio
Hibya News Agency

Leave A Reply

Your email address will not be published.