Shanghai Gold Exchange does brisk trading
( 2003-12-04 11:20) (Xinhua)
Shanghai Gold Exchange said
its transactions went up by 20 per cent to hit 2.67 billion yuan (US$321
million) in November.
According to the latest statistics available, 23.5 tons of gold were traded
at the exchange, with the volume of business amounting to 2.44 billion yuan
(about US$300 million) in November alone, both records high since the exchange
started operation on October 30 last year. An average of 1,173 kg of gold were
traded each day.
In the meantime, 1,094 kg of platinum, worth 228 million yuan (US$27.5
million), were traded at the exchange in the past month, up by some 60 percent
from October. And the average trading volume stood at 54.7 kg per day.
The gaps of prices for gold and platinum on the gold market in China and
those on the world market are further narrowed, said the exchange sources.
In the past month, gold with a purity of 99.95 per cent began the trading at
102.18 yuan per gram, and closed at 105.4 yuan per gram, with the hike range
going to 3.11 per cent. The weighted average price for gold was 103.95 yuan in
November, up 3 per cent from the previous month.
And the weighted average price for platinum was 208.08 yuan in November, up
3.28 per cent from October.
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