Generally, it depends on the issuer of paper gold to determine what kind of market to trade in. That is, if the paper gold transaction is issued by a commercial bank, it will be bought and sold at the counter of the commercial bank, and the bank that issued the gold certificate will handle the transfer and delivery procedures; If it is issued by an exchange, it shall be traded on the exchange floor and handled by the clearing department of the exchange.
Extended data:
Paper gold trading rules should pay attention to the following points:
In the RMB paper gold business, the transaction volume is at least10g in grams. Similar to the stock market, it is self-financing and there is no forced liquidation. Paper gold has no interest, and stocks and fund investments can't get dividends. So it can only sell at a low price and sell at a high price to make a profit.
Paper gold trading is different from the stock market, with short-term gold and long-term silver. Because the paper gold trading market is a zero-sum market, in this trading market, some people must lose money if they make money, and there is no possibility of the total capital appreciation and appreciation of the market. Keeping a quick profit is the best way to trade.
However, this operation mode of pursuing short-term interests should be completed on the premise of ensuring the quality of transactions, not for short-term sake. Remember not to forget to make up the position at the low position after the high position is thrown, so as to avoid opening the position again after the gold price rises and losing a lot of profits for no reason.
China Construction Bank official website-What should be paid attention to in paper gold trading rules?