Gold and Silver Prices Retreat in Latest Trading Session

Deep News10-28 15:56

Gold and silver prices edged lower during the latest trading session, according to market data.

As of 9:33 a.m. Beijing time on the 28th, spot gold in London was down 0.10% on the day at US$4,055.540 per ounce, while spot silver in London fell 0.14% on the day to US$54.303 per ounce.

On the same day, retail gold jewelry prices in China were also in focus. Chow Tai Fook quoted pure gold at 1,202 yuan per gram, Lao Miao Gold quoted pure gold at 1,201 yuan per gram, and Chow Sang Sang's parent brand Zhou Liu Fu quoted pure gold at 1,197 yuan per gram.

Market participants continued to monitor both international precious metals benchmarks and domestic retail pricing as they assessed the broader trend in gold and silver.

Investors also track related precious metals investment vehicles, including Sprott Physical Gold & Silver Trust and Sprott Physical Silver Trust, as part of their exposure to bullion markets.

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