The ounce is the universal unit of gold measurement. At present, China is used to using grams as the unit of gold measurement, and one ounce is equivalent to one or two of China's old weights and measures (16 ounces, China's old weights and measures are one catty).
Extended data:
1. Gold trading hours
Monday to Friday 09: 00 am-11:30, afternoon 13:30- 15:30, evening 19: 50.
2. Gold trading methods
At the beginning of the opening of the exchange, spot gold trading should be carried out. Before the transaction, the buyer member must deposit the corresponding amount of RMB funds into the account designated by the exchange. Seller members must deposit all gold for sale in the gold delivery warehouse designated by the exchange. According to the principle of "price first, time first", the trading mode of free quotation, matching, centralized liquidation and unified distribution is adopted.
3. Capital settlement principle
The Exchange designates ICBC, Bank of China, China Construction Bank, Agricultural Bank and other 16 banks as clearing banks, and implements the principle of centralized, direct and net fund settlement.
Baidu encyclopedia-Shanghai gold exchange
Baidu encyclopedia -oz