BUSINESS China's benchmark interbank gold prices mixed Monday

BUSINESS

China's benchmark interbank gold prices mixed Monday

Xinhua

10:29, May 24, 2021

BEIJING, May 24 (Xinhua) -- China's benchmark prices for spot interbank gold transactions were mixed Monday, according to the China Foreign Exchange Trade System.

The benchmark price for gold of 99.95 percent pure or above stood at 389.16 yuan (about 60.42 U.S. dollars) per gram, down 0.25 yuan from the previous trading day, and that for gold of 99.99 percent pure or above rose 0.26 yuan to 389.4 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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