At present, domestic spot gold trading needs to be operated through the platform in Hong Kong. The local spot gold in Hong Kong is quoted in US dollars, and the trading unit per standard lot is 100 ounce.
The Hong Kong gold market consists of three markets:
1. The gold and silver trading market in Hong Kong is dominated by China investors and has a fixed trading place. The main trading specification of gold is 99 standard gold bars, and the trading methods are open bidding and spot trading;
2. The spot gold market is dominated by foreign investors and there is no fixed trading place;
3. The gold futures market is a regular market, and its nature is the same as that of the new york and Chicago Commodity Futures Exchanges in the United States. The trading mode is formal and the system is relatively sound, which can make up for the shortage of the gold and silver trading market.