BEIJING: China Foreign Exchange Trade System said China’s benchmark prices for spot interbank gold transactions were mixed on Thursday.
The benchmark price for gold with a purity of 99.95% or higher was 478.45 yuan per gram, marking a 0.45 yuan increase from the previous trading day. In contrast, the price of gold with a purity of 99.99% or above declined by 0.52 yuan to 478 yuan.
Within the interbank price inquiry market, spot transaction prices are permitted to fluctuate within a 15 percent range from the benchmark prices each trading day. The introduction of the interbank gold price inquiry business in 2012 aimed to boost market liquidity and diversify trading models. Xinhua/APP
