The Gold Market

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Overview | Banking/Financial Institutions | Capital Markets/Funds Management
Free Flow of Capital/Foreign Exchange | Securities and Futures

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Hong Kong is one of the four largest bullion markets in the world. Operated by the Chinese Gold and Silver Exchange Society, the market trades gold of 99% fineness, which are weighed in taels (one tael equals approximately 1.2 troy ounces) and quoted in Hong Kong dollars. Prices closely follow those in the other major gold markets in London, Zurich and New York.

The Loco-London gold market provides another active gold market. The main participants of the market are banks, major international bullion houses and gold trading companies. Prices are quoted in US dollars per troy ounce ofgold of 99.95% fineness and with delivery in London.

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The Better Hong Kong Foundation.