After more than ten years of development, Shanghai Gold Exchange has gradually established a market system integrating bidding, inquiry and lending business on the basis of the original bidding transaction.

At present, the auction market has the largest transaction volume, and banks, enterprises and individuals can participate. The main transactions include gold, silver and platinum, with a total of 16 trading varieties.

The inquiry market is an important supplement to the bidding market, which provides a platform for personalized and bulk business between banks and enterprises, mainly including spot, forward and swap transactions of gold.

These include:

Spot gold trading: refers to the gold trading that is delivered within two working days after the trading date with the agreed gold trading variety, trading quantity and trading price.

Gold forward transaction: refers to the gold transaction in which the two parties agree on the variety, quantity and price of the gold transaction and deliver it on the agreed future date.

Gold swap transaction: refers to two cash and physical deliveries in opposite directions on two different value dates. For the first delivery, one party buys (sells) gold at the agreed price; In the second delivery, the counterparty sells (buys) gold at another agreed price.

Lending business mainly refers to the application that the borrower leases its own gold to the borrower within the agreed time limit, the borrower pays interest to the lender, and the borrower returns the leased gold to the lender when it expires. According to the difference between borrowers and borrowers, the lending market can be divided into gold lending between banks and gold leasing between banks and enterprises.