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World major gold markets & live market quotes
|London Gold Market|
The London bullion market,often referred to as London gold market.In
Britain,Gold and silver are traded by members of the London Bullion Market
Association (LBMA).loosely overseen by the Bank of England. Most of the
members are major international banks or bullion dealers and refiners. Five
members of the LBMA meet twice daily to "fix" the gold price in a process
known as the London Gold Fixing.
The mid 19th century was the time of London's domination of global commerce and finance, and as the source of capital for gold mining, and because of the gold standard of the British Pound, London became the hub of bullion trading. It still holds that position, probably thanks to a curious mix of flexibility, commercial freedom and historical chance, including the good fortune to have South Africa as a colony at the time of the largest finds ever - around 1900.
|London fix AM PM|
|America Gold Market|
In 1975,America NewYork Commodity Exchange COMEX was starting forward trading of gold,and became to the center of the forward trading of gold in the world.To nowadays,NewYork gold futures market replace the staus of the market in London.Manage the price of the global glod.The reason why the NewYork market can replace the London market after a short period since they develope the gold business ,is because New York market is having the advantage in trading method ,aggregate supply,marked price and trading time.
|New York live spot price|
|HONG KONG Gold Market|
Hong Kong has two active gold markets, in which the main participants are
banks, major international and local bullion houses and gold trading
companies. One is commonly known as the Loco-London gold market, with
process quoted in US dollars per troy ounce of gold of 99.99 per cent
fineness and with delivery in London.
The Chinese Gold and Silver Exchange Society operates one of the largest gold bullion markets in the world. Gold traded through the society is of 99 per cent fineness, weighted in taels2 and quoted in Hong Kong dollars. Prices closely follow those in the other major gold markets in London, Zurich and New York. Turnover on the exchange totalled 4.3 million taels in 2001.
|View Precious Metal Trading Prices(HONG KONG DOLLARS)|
|Shanghai Gold exchange|
|Shanghai Gold exchange (SGE thereafter), approved by the State Council and founded by the People's Bank of China, performs the regulated functions stipulated by Management Rules of Gold Exchange and organizes gold transactions with the principle of openness, fairness, justness and honesty.|
|Precious Metal Trading Prices CURRENCY: CNY Weight: GRAM OR KILOGRAM(Ag)|