Gold trading volume up in China in first quarter

Gold trading volume climbed in China in the first quarter, the central bank said.

Gold trading value on the exchange stood at 3.69 trillion yuan (550.75 billion U.S. dollars) in the first quarter, up 5.2 percent year on year.

Photo/VCG

The SGE, established in October 2002, provides trading, clearing, delivery and vaulting services for gold, silver and platinum.

The price of gold of 99.99 percent pure or above on the SGE closed at 394.14 yuan per gram at the end of March, up 5.4 percent from that at the end of 2021.

Gold trading volume on the Shanghai Gold Exchange (SGE) went up 2.6 percent to 9,579.04 tonnes in the first quarter, said a report issued by the Peoples Bank of China.

The international gold price closed at 1,942.15 U.S. dollars per ounce at the end of March, up 8.3 percent from that at the end of 2021, the report said.