According to the 5月市场综述 released by the Shanghai Gold Exchange on June 1, the total turnover of various contracts in May 2024 was 2,585.67 billion yuan, up 64.3% year-on-year. Among them, the transaction volume of price inquiry trading was 1,919.25 billion yuan, accounting for 74.2% of the total. The trading volume of member self-operated and agency business was 2,345.77 billion yuan and 239.9 billion yuan, respectively. The trading volume of gold this month was 4,434,907.92 kilograms, a year-on-year increase of 33.7%, and the turnover was 2,459.794 billion yuan, a year-on-year increase of 65.2%. The daily average trading volume was 221,745.40 kilograms; platinum traded 2,594 kilograms, a decrease of 55.3% year-on-year, and the turnover was 601 million yuan, a year-on-year decrease of 55.9%. The daily average trading volume was 129.70 kilograms; silver traded 16,089,254 kilograms, a year-on-year increase of 5.9%, and the turnover was 125.276 billion yuan, a year-on-year increase of 49.5%. The daily average trading volume was 804,462.70 kilograms.

After hitting a new historical high, the international gold price this month fell back, and gold (XAU) closed at $2,327.33 per ounce, which is an increase of $11.74 from last month. The low and high points were $2,277.35 and $2,450.07, respectively. The spot price of international silver (XAG) closed at $30.41 per ounce, an increase of $3.75 from last month. The low and high points were $26.02 and $32.52, respectively. The spot price of platinum (XPT) closed at $1,038.45 per ounce, up $97.62 from last month. The low and high points were $931.72 and $1,095.69, respectively.

In the domestic market, the opening price of the Shanghai Gold Exchange's Au99.99 contract was 545.8 yuan/gram at the beginning of the month, with the highest price at 578 yuan/gram, the lowest price at 540 yuan/gram, and the closing price at 553.6 yuan/gram at the end of the month, up 7.8 yuan/gram from the end of last month, a monthly increase of 1.4%. The weighted average price this month was 555.35 yuan, up 2.1 yuan from last month. The main contract for gold bidding this month, Au(T+D), has a total trading volume of 559,060 kilograms, accounting for 12.6% of the total gold trading volume, and the end-of-month position was 201,988 contracts, an increase of 19,554 contracts from last month. The physical delivery volume of Au(T+D) was 257,188 kilograms, of which the neutral warehouse delivery volume was 65,777 kilograms. The deferred payment situation for the 20 trading days this month was multi-payment for empty for 19 trading days and empty payment for multi for 1 trading day. The opening price of the Pt99.95 contract was 228.26 yuan/gram at the beginning of the month, with the highest price at 261.28 yuan/gram, the lowest price at 228.26 yuan/gram, and the closing price at 245.93 yuan/gram at the end of the month, up 17.79 yuan/gram from the end of last month, a monthly increase of 7.8%. The weighted average price this month was 245.94 yuan, up 22.40 yuan from last month. The opening price of the Ag(T+D) contract was 6,919 yuan/kg at the beginning of the month, with the highest price at 8,697 yuan/kg, the lowest price at 6,906 yuan/kg, and the closing price at 8,212 yuan/kg at the end of the month, up 1,186 yuan/kg from the end of last month, a monthly increase of 16.9%. The weighted average price this month was 7,801 yuan, up 654 yuan from last month. The end-of-month position was 3,757,120 contracts, a decrease of 559,240 contracts from last month. The physical delivery volume of Ag(T+D) was 588,240 kg, of which the neutral warehouse delivery volume was 77,775 kg. The deferred payment situation was multi-payment for empty for 7 trading days and empty payment for multi for 13 trading days this month.

The gold delivery volume this month was 750,437.32 kilograms, and the physical outflow was 82,327.8 kilograms. The silver delivery volume was 1,554,690 kilograms, and the physical outflow was 65,040 kilograms.