(MENAFN)
According to the China Foreign Exchange Trade System, the benchmark prices for spot interbank gold transactions in China dropped on Tuesday.
The benchmark price for gold of 99.95 percent pure or over started at USD48.47 per gram, dropping USD0.3 from the previous trading day, and that for gold of 99.99 percent pure or above declined USD0.11 to USD48.17 per gram.
Spot transaction prices on the interbank price inquiry market are allowed to increase or drop within 15 percent from the benchmark prices each trading day.
The interbank gold price inquiry business was made in 2012 to improve market liquidity and enrich trading models.
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