SHANGHAI, Jan. 11 (Xinhua) -- Gold futures closed lower Monday in daytime trading on the Shanghai Futures Exchange.

The most active gold contract for February 2021 delivery dropped 12.56 yuan (about $1.94) to close at 385 yuan a gram.

The total trading volume for eight listed gold futures contracts on the exchange was 344,860 lots, with a turnover of about 133.3 billion yuan.

China launched gold futures in January 2008.