Ray Jia

Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold Council

China’s gold market in October: wholesale demand weakened, gold reserve rose

The LBMA Gold Price AM in USD and the Shanghai Gold Benchmark PM (SHAUPM) in RMB bounced higher, both recording the strongest monthly gains since March. The local gold price premium fell from its record high, possibly driven by weaker gold demand during the month.

Publication date time
2 years 2 months ago

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Ray Jia

Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold Council

Au(T+D)’s trading volume edged closer to new record in July

  • Chinese gold prices rose modestly in July 
  • Au(T+D)’s trading volume in July extended its June surge
  • The local gold premium saw a much lower volatility 
  • Imports registered another decline, dropping to 55t in July
  • Gold withdrawals from Shanghai Gold Exchange (SGE) experienced the first rise in four months 
  • The People’s Bank of China (PBoC) added another 10t to its gold reserves

Publication date time
6 years 5 months ago

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