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Does the "Ruyi Gold" issued by ICBC belong to spot gold or physical gold?
Ruyi metal issued by ICBC is in paper gold.

"Paper gold" business refers to an investment method in which investors buy and sell gold on the books to earn the difference. Even people who have never tried any gold or foreign exchange trading are relatively easy to get started. As long as you master some trading skills and pay attention to market progress, you can gain something. Investors can buy and sell paper gold directly through counters, telephone banking, online banking and self-service financial terminals according to the quotation. Compared with real gold, there is no second clearing and delivery of real gold in the whole process of paper gold, thus avoiding the procedures of color identification and weight detection in gold trading and omitting the operation process of physical delivery of gold. For investors who are willing to "speculate in gold", the transaction of paper gold is simpler and more convenient, and there is more room for profit.

Operation mode: The procedures for handling paper gold business are not complicated. Investors can buy and sell paper gold directly at the quoted price as long as they hold their ID cards and open a current all-in-one at the bank counter. So far, the paper gold business has realized the functions of telephone banking, online banking and self-service terminal trading. Through telephone banking and online banking, investors can also choose "hanging basket" to set an appointment price for trading.

Preferential measures: At present, all banks providing paper gold business charge a unilateral commission of 0.5 yuan/gram. Bank of China offers preferential treatment for large transactions. Generally, when purchasing paper gold above 1 000 g (inclusive), the unilateral commission charged by the bank is 0.45 yuan/g, 0.4 yuan above 5000 g (inclusive) and 0.35 yuan/g above 1 000 g (inclusive). You can add me QQ7449 1947 1 to discuss with each other.