(MENAFN)
The China Foreign Exchange Trade System said that the benchmark prices for spot interbank gold transactions in China settled mixed on Wednesday.
The benchmark price for gold of 99.95 percent pure or over was at USD48.48 U.S. per gram, a slight rise from the previous trading day, as for gold of 99.99 percent pure or above it dropped 6.9 cents to set at USD 48.15 per gram.
Spot transaction prices on the interbank price inquiry market can increase or decline within 15 percent from the benchmark prices each trading day.
The interbank gold price inquiry business was started in 2012 to improve market liquidity and enrich trading models.
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