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Home - News - China's Precious Metal Pprices Fell Slightly on December 15

China's Precious Metal Pprices Fell Slightly on December 15

December 16, 2021

Precious metal spot price trends

The average price of silver in the early trading on December 15 was RMB 4,647/kg, which was a decrease of 0.77% compared with the average price of Tuesday (December 14) in the early trading of spot market price of RMB 4,611/kg; compared with the spot price of silver at the beginning of the year (01.01), which was 5,550 yuan/kg. , A decrease of 16.92%.

The spot market price of gold on December 15 was 366.68 yuan/g, which was 0.30% lower than the spot market price of 367.77 yuan/g on Tuesday (12.14), and was 366.42 yuan/g, a decrease of 0.07, compared with the early December (12.1) spot market price in early trading. %; Compared with the beginning of the year (01.01), the spot price of gold was 392.70 yuan/g, a drop of 6.63%.

Precious metal gold and silver price trend comparison in the past year

The precious metals gold and silver have relatively good convergence, and the price of silver has a larger amplitude, and the direction is basically the same. After the recent price cut, the silver price consolidated at a low level.

Macro policy factors

The People's Bank of China conducted a 500 billion one-year MLF operation, and the interest rate remained unchanged at 2.95%. Today, 950 billion yuan of MLF expires; the central bank's RRR cut takes effect today.