The domestic market more often refers to the official pricing of the gold exchange. As the price basis for trading gold, it also serves as a reference for the consumer market. In China, the quotation of Shanghai Gold Exchange is generally aimed at domestic gold ornaments and gold ornaments as a guide price. Usually, the price of consumer gold jewelry will be higher than the exchange price of 20-30 yuan. This is the cost in the process of processing and sales, so many jewelry companies will increase it in a targeted way.
The market price of gold futures usually affects the price according to the number of futures contracts that buy up and buy down in the option futures market. This price is the price at which futures rights are exercised at the end of the month, the end of the season and the end of the year, which usually indicates the traders' views on a certain time in the future, such as the end of the month and the end of the year. If the futures market price is higher than the current spot market price, it shows that all kinds of investors have expectations for the future and think that gold will rise and exceed the current price level. or vice versa, Dallas to the auditorium The futures market price plays a guiding role in the spot market price.
Spot market price refers to the current price of gold trading. Change with the international market at any time. It is the most timely transaction price. Many times, the domestic market prices of various countries, such as the Shanghai Gold Exchange in China, will convert the gold trading price at a certain time point according to the gold price in a certain period, which will serve as the basis and reference for guiding the domestic gold trading and the production of gold consumer goods.