Categories: Business

China’s benchmark interbank gold prices higher

F.P. Report

BEIJING: China’s benchmark prices for spot interbank gold transactions were higher Monday, according to the China Foreign Exchange Trade System.

The benchmark price for gold of 99.95 percent pure or above stood at 389.61 yuan (about 54.88 US dollars) per gram, up 0.74 yuan from the previous trading day, while that for gold of 99.99 percent pure or above went up 1 yuan to 390 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. (APP)

The Frontier Post

Recent Posts

Field Marshal Asim Munir most deserving to remain COAS beyond 2027: Rana Sanaullah

F.P. Report ISLAMABAD: Federal Minister Rana Sanaullah has said that Field Marshal Asim Munir will…

6 hours ago

Pakistani Indus Water Commissioner criticises India for withholding flood data

F.P. Report ISLAMABAD: Pakistan’s Indus Water Commissioner has expressed serious concern over India’s failure to…

6 hours ago

High level Turkish team calls on Air Chief

F.P. Report ISLAMABAD: A high level delegation headed by Commander Turkish Air Force General Ziya…

6 hours ago

Trump says he plans to hold talks on Ukraine in coming days

WASHINGTON (Reuters): U.S. President Donald Trump said on Wednesday he plans to hold talks about…

6 hours ago

Israel’s Smotrich sparks outcry with West Bank annexation maps

JERUSALEM (Reuters): Israel’s far-right finance minister said on Wednesday that maps were being drawn up…

6 hours ago

Dozens of bodies recovered in Sudan

CAIRO (AP): Search teams have recovered around 100 bodies from a remote village that is…

6 hours ago

This website uses cookies.