Tiagong, Tiongkok Kia is paying 6% premium for Gold over spot price De woh

[k1976]

China’s Gold Prices Surge, Hitting a Record Against the World​

• Property crisis, falling yuan and tumbling yields boost demand
• Focus switches to Golden Week to see if consumption continues

By Sybilla Gross
September 27, 2023 at 9:05 AM GMT+8

China’s suddenly full of gold bugs.
The market for bullion in China has surged this month, at times commanding a record premium over international prices of more than $100 an ounce, compared with an average over the past decade of less than $6. On Wednesday, an ounce of gold in Shanghai cost $2,007, about 6% higher than the price in London or New York, according to calculations by Bloomberg.

 

[k1976]

https://www.todayonline.com/world/chinas-gold-imports-hong-kong-bounce-back-august-2267091