At present, there are only two formal gold trading places in China, namely, the gold futures of Shanghai Futures Exchange and the gold extension (gold T+D) of Shanghai Gold Exchange.

The biggest difference between the two exchanges is that one is futures trading and the other is spot trading. The price and price are completely different. Futures buy expectations, and spot buys now. For example, the price of gold futures is 3% of the settlement price of the previous trading day; Gold TD is 30% of the closing price of the previous trading day.