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Home Commodity Market News

Shanghai gold exchange to allow physical gold as collateral

Renton Campoy by Renton Campoy
August 10, 2024
in Commodity Market News
0
Spot gold set to drop into
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Thursday, 10 September 2015 13:56

Posted by Parvez Jabri

Shanghai gold exchange to allow physical gold as collateralBEIJING: China’s Shanghai Gold Exchange said it will allow physical gold to be used as collateral on futures contracts from Sept. 29, according to a statement posted on its website on Thursday.

Physical gold will be permitted to be used for up to 80 percent of margin value, according to the statement.

Copyright Reuters, 2015

Tags: BeijingChinaFUTURESgoldShanghai Gold
Renton Campoy

Renton Campoy

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