Market review of the SGE in March 2004

In March, the Shanghai Gold Exchange traded 31,767 kilograms of gold, up 89.1 per cent year-on-year. Platinum traded in the Exchange was 1,330 kilograms. The total trading value soared by 45.6 per cent to 3.774 billion yuan. Among that, the average daily trading volume for gold hit a record high of 1,381.18 kilograms, up 26.88 per cent from the previous month. As for platinum, the average daily turnover rose by 11.97 per cent to 57.83 kilograms.

With international gold rebounding from terrorist accidents, Au99.95 in the SGE opened the month at 107.1 yuan per gram, and closed it at 112.31 yuan, up 5.09 per cent. Pt99.95 opened the month at 245.12 yuan, and had a month-close of 246.17 yuan, up 3.23 per cent.

After silence for one month, the pilot trading of Au (T+5) witnessed tentative deals from mid-March. Its turnover for March was 603 kilograms, 2 per cent of the total volume of gold trading.

The clients of the SGE reached 567 with 31 new entrants.