The official listing of platinum on August 13 pushed the turnover in August to a record high of 22,007 kilograms, including 20,380 kilograms of gold and 1,627 kilograms of platinum (pilot transactions included, the same hereinafter). The traded value reached 2.223 billion yuan, among which platinum amounted to 311 million yuan. The average daily turnover stood at 1,095.63 kilograms, approaching the level in February this year when gold usage was at its peak. The turnover of financial clients' principal business accounted for 35.56 per cent of the total grand.
Under the influence of EUR rebound and terrorist attack, the international gold price, after slipping to US$344.8 early this month, kept picking up in a straight line though the EUR declined afterwards. It broke through the point of 368 and closed the month at US$373 per ounce. As a result, the international platinum spot price hit a 23-year high of US$710 per ounce. The domestic gold price presented a similar picture. However, owing to the low proportion of investment force and poor price elasticity, domestic gold market witnessed an increasing price gap from the international market as sharp fluctuations occurred in the international market. The price gap of Au99.95 from the international real time price was between -1.05 and 0.33 yuan in this month.
The clearing capital in August was 4.421 billion yuan, up 12.92 per cent over July. The clients of the SGE reached 365 with 46 new entrants.
(Provided by the Shanghai Gold Exchange)