BUSINESS China's benchmark interbank gold prices higher Thursday

BUSINESS

China's benchmark interbank gold prices higher Thursday

Xinhua

09:43, October 10, 2019

BEIJING, Oct. 10 (Xinhua) -- China's benchmark prices for spot interbank gold transactions were higher on Thursday, according to the China Foreign Exchange Trade System.

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Photo: VCG

The benchmark price for gold of 99.95 percent pure or above stood at 347.98 yuan (about 49.2 U.S. dollars) per gram, up 5.09 yuan from the previous trading day, and that for gold of 99.99 percent pure or above went up 4.39 yuan to 348.39 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. 

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