Individual Gold Bullion Trading to be Launched in China in July

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Under the new trading scheme, individual investors will be able to trade in gold from a minimum threshold of 100 grams, which would cost roughly 16,000 yuan (US$2,099). Investors can take home the bullion at lower prices than those of jewelers and coin makers.

The Shanghai Gold Exchange is launching individual gold bullion trading next month through a partnership with China's Industrial Bank.

The Shanghai Daily reported Tuesday that the gold bourse has scheduled a joint briefing in early July with Industrial Bank about the service....

Under the new trading scheme, individual investors will be able to trade in gold from a minimum threshold of 100 grams, which would cost roughly 16,000 yuan (US$2,099). Investors can take home the bullion at lower prices than those of jewelers and coin makers. For example, investment-grade bullion fetches more than a 10% premium in the market.

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