Shanghai Gold Exchange launches price index denominated in yuan

Q.  Shanghai Gold exchange is the world’s ______ physical gold exchange
- Published on 20 Apr 16

a. first largest
b. second largest
c. first smallest
d. second smallest

ANSWER: first largest
 
In a move to influence both the domestic and international price of gold, the Shanghai Gold Exchange has launched a price index denominated in the Chinese yuan.
  • SGE, which is the world's largest physical gold exchange, said the new benchmark price will reflect the supply and demand situation in the China and reflect the price movements in the local market.
  • SGE said the present system of market pricing was inequitable and needs to be changed.
  • China is the biggest consumer of gold in the world

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲