Related News
High Prices May Not Dim Dragon Bar Sales
By Zhang Fengming |
November 18, 2011, Friday
|
Print Edition
Print Edition
RECORD high gold prices may not deter Chinese consumers from buying "Year of the Dragon" investment-grade gold bars when they start sales soon.
Dealers have started pre-selling, or booking, for the gold bars. China Gold Coin Co, the nationwide wholesaler of the bullion, has started selling the gold bars, ranging from 50 grams to 1,000 grams, to dealers who will sell the bullion to retail investors. Consumers in Shanghai may be able to buy the bars in two to three weeks, dealers said.
Retail prices for the "Year of the Dragon" bars cost 412 yuan (US$65) per gram for pre-sale compared with 328 yuan per gram for the "Year of the Rabbit" bullion. Under the Chinese lunar calendar 2012 is the year of the dragon.
Gold is traded around US$1,757 an ounce.
Dealers have started pre-selling, or booking, for the gold bars. China Gold Coin Co, the nationwide wholesaler of the bullion, has started selling the gold bars, ranging from 50 grams to 1,000 grams, to dealers who will sell the bullion to retail investors. Consumers in Shanghai may be able to buy the bars in two to three weeks, dealers said.
Retail prices for the "Year of the Dragon" bars cost 412 yuan (US$65) per gram for pre-sale compared with 328 yuan per gram for the "Year of the Rabbit" bullion. Under the Chinese lunar calendar 2012 is the year of the dragon.
Gold is traded around US$1,757 an ounce.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
