In 2007, the exchange rate between US dollar and RMB was1:7.2,750 US dollars, and the price of gold converted into RMB was 5,400 yuan per ounce; In 2008, the price of gold was1:US$ 6.82950, which was 6479 yuan an ounce, and the RMB rose by 1.079 yuan an ounce, with an increase of 19.98%.
As can be seen from the above data, the appreciation of the RMB against the US dollar will reduce the increase in the real price of gold. During the continuous appreciation of RMB, the increase of domestic gold price will be smaller than that of international gold price.