What are the national spot transactions?

Overview of Shanghai Gold Exchange, the largest spot trading platform in China: Shanghai Gold Exchange is a non-profit-making institution approved by the State Council and established by the People's Bank of China, which performs the functions stipulated in the Measures for the Administration of Gold Trading in Shanghai Gold Exchange, organizes gold trading according to the principles of openness, fairness, justice, honesty and credit, and implements self-discipline management. Financial institutions engaged in gold business, enterprise legal persons engaged in the production, smelting, processing, wholesale, import and export trade of precious metals such as gold, silver and platinum and their products, and units with good credit standing.

Shanghai Gold Exchange has been in operation since October 30th, 2002. The exchange mainly implements standardized matchmaking transactions. Trading hours are Monday to Friday (except holidays) at 9: 00 am-11:30, afternoon 13:30- 15:30, and evening 19:50-2:30. The commodities of the exchange include gold, silver and platinum. Gold has four spot trading varieties of Au99.95, Au99.99, Au50g and Au 100g, and Au(T+5), Au(T+D) and Au(T+N 1) and Au(T+N2) are two deferred trading varieties. Silver has Ag99.9, Ag99.99 spot firm trading varieties and Ag(T+D) spot margin trading varieties; Platinum has Pt99.95 spot and firm trading varieties.

China Gold and Silver Exchange Society and China Gold and Silver Exchange Society were founded in 19 10, then called "Gold and Silver Exchange", and it was not officially named as "Gold and Silver Exchange" until after the First World War. It is a trading place for precious metals such as gold and silver in Hong Kong.