China’s gold prices rise on Wednesday

China’s benchmark prices for spot gold transactions on the interbank market edged higher on Wednesday, Xinhua reported, citing data from the China Foreign Exchange Trade System.

The price of 99.95 per cent pure gold increased by 3.90 yuan per gram to 564.26 yuan ($79.45).

Gold of even higher purity, 99.99 per cent or above, also saw a gain, rising 3.82 yuan to 562.50 yuan per gram.

Spot transaction prices on the interbank market can fluctuate within a band of 15 per cent above or below the benchmark each trading day.