The Zhitong Finance App learned that the Shanghai Gold Exchange released a market review for May. In May 2024, the transaction amount of various contracts on the Shanghai Gold Exchange was 25856.70 billion yuan, an increase of 64.3% over the previous year, of which inquiry transactions amounted to 1919.250 billion yuan, accounting for 74.2%. The transaction amounts for members' own and agency businesses were 2345.77 billion yuan and 239.9 billion yuan, respectively. This month's gold turnover was 44,34907.92 kg, up 33.7% year on year, transaction amount was 2459.794 billion yuan, up 65.2% year on year, average daily turnover was 221745.40 kg; platinum transaction volume was 2594 kg, down 55.3% year on year, transaction amount 601 million yuan, down 55.9% year on year, average daily turnover was 129.70 kg; silver transaction volume was 1608,9254 kg, up 5.9% year on year. The transaction amount was 125.276 billion yuan, an average increase of 49.5% year on year. 804462.70 kg.

International gold prices fell after reaching another record high this month. Gold (XAU) closed at 2327.33 US dollars/ounce, up 11.74 US dollars from the previous month. The low and high points were 2277.35 US dollars and 2450.07 US dollars, respectively. International spot silver (XAG) closed at $30.41 per ounce, up $3.75 from the previous month. The lows and highs were $26.02 and $32.52, respectively. Spot platinum (XPT) closed at $1038.45 per ounce, up $97.62 from the previous month. The lows and highs were $931.72 and $1095.69, respectively.

In the domestic market, the opening price of the Gold Au99.99 contract at the beginning of the month was 545.8 yuan/gram, the highest price was 578 yuan/gram, the lowest price was 540 yuan/gram, and the closing price at the end of the month was 553.6 yuan/gram, up 7.8 yuan/gram from the end of the previous month, a monthly increase of 1.4%. The weighted average price for this month was 555.35 yuan, 2.1 yuan higher than the previous month. Au (T+D), the main contract for gold auctions this month, sold a total of 55,9060 kg, accounting for 12.6% of the gold trading volume. At the end of the month, it held 20,1888 lots, an increase of 19,554 lots over the previous month. The physical settlement volume of Au (T+D) was 257,188 kg, of which the neutral position settlement volume was 65,777 kg; the extension fee payment situation for the 20 trading days of this month was: 19 trading days of overpayment and more short payment on 1 trading day. The opening price of the Pt99.95 contract at the beginning of the month was 228.26 yuan/gram, the highest price was 261.28 yuan/gram, the lowest price was 228.26 yuan/gram, and the closing price at the end of the month was 245.93 yuan/gram, up 17.79 yuan/gram from the end of the previous month, a monthly increase of 7.8%. The weighted average price for this month was 245.94 yuan, up 22.40 yuan from the previous month. The opening price of the silver Ag (T+D) contract at the beginning of the month was 6919 yuan/kg, the highest price was 8,697 yuan/kg, the lowest price was 6,906 yuan/kg, and the closing price at the end of the month was 8,212 yuan/kg, up 16.9% monthly from the end of the previous month. The weighted average price for this month was 7,801 yuan, up 654 yuan from the end of the month, a decrease of 559,240 lots. The physical settlement volume of Ag (T+D) this month was 58,240 kg, of which 77,775 kg were settled in neutral positions; the deferral fee payment situation was: overpayment for 7 trading days, short payment for 13 trading days and more short payment for 13 trading days.

This month's gold delivery volume was 750437.32 kg, physical shipment volume was 82327.8 kg; silver delivery volume was 155,4690 kg, and physical shipment volume was 65040 kg.