Shanghai Gold Exchange trading volume hit a record high

Beijing Apr 23 (Antaike)–While gold price has plummeted, the Shanghai Gold Exchange saw a new record in trading volume.

Hong Kong based Chow Tai Fook confirmed that its gold bullion has been sold out in some stores in mainland China. Chow Tai Fook further expressed the demand for gold products has never been so strong since late 1980s. China is the second biggest gold buyer in the world, ranking only after India. At Beijing's largest gold store (Caibai), people that were going to buy gold bullion for investment lined up in the morning of April 19 in front of gateway of the store/

Bloomberg data shows Shanghai Gold Exchange’s daily trading volume hit a record high on April 22 by 43t of gold.

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