China’s benchmark prices for spot interbank gold transactions were lower Thursday, according to the China Foreign Exchange Trade System.
The benchmark price for gold that is 99.95 percent pure or above stood at 466.59 yuan (about 65.0 U.S. dollars) per gram, down 6.91 yuan from the previous trading day, while the price for gold that is 99.99 percent pure or above fell 11.36 yuan to 462.68 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.—APP
