Comprehensive Gold Investment Guide

Feb 10. 2025

Gold Buying Process (Using JD Finance as an Example) #

1. Account Setup

• Download the JD Finance app → Complete identity verification → Link your bank account.

2. Fund Transfer

• Recharge your gold account balance via bank card or JD Xiaojinku.

3. Buying Gold

• Path: Finance Channel → JD Gold → Enter amount/weight → Confirm real-time gold price and place the order.
• Trading hours:
  • Closed on holidays.
  • 24-hour trading.

4. Selling and Withdrawal

• Funds are credited to the gold account immediately after selling. Withdrawals to a bank account incur a 0.3% fee.

Gold Conversion Methods #

1. Unit Conversion

• 1 ounce ≈ 31.1035 grams.
• Domestic prices are quoted in “CNY/gram,” while international prices are quoted in “USD/ounce.”

2. Exchange Rate Impact

• Domestic gold price = International gold price (USD/ounce) × RMB exchange rate ÷ 31.1035.

• Example: International gold price is $2000/ounce, exchange rate is 7.2 → Domestic gold price ≈ 462.8 CNY/gram.

• Online Conversion Tool

How to Monitor Gold Prices #

Global Trading Session Comparison Table (2025) #

2. Monitoring Tools

• JD Finance app for real-time gold prices/Online View.
• Jin10 Data
• NY Gold CFD

Onshore vs Offshore & Domestic Gold Price Rationality #

1. Reasons for Price Differences

• Onshore gold price: Quoted by the Shanghai Gold Exchange (includes VAT, transportation costs, etc.).
• Offshore gold price: International London Gold (LBMA), without tax or fees.
• Price difference is usually 1%-3%, mainly due to:
  • RMB exchange rate fluctuations;
  • Domestic supply, demand, and policies (e.g., import controls).

2. Different Actual Trading Prices

• Platforms may charge spreads or fees (e.g., JD Finance charges a 0.3% selling fee).

Frequently Asked Questions #

1. Can I Place Orders Outside Trading Hours?

• You can submit a reservation order, which will take effect in the next trading session.
• Orders can be placed 24/7, but transactions are executed during specific trading hours: Monday to Friday 9:00-11:30, 13:30-15:00, 21:00-24:00. No trading on public holidays. To avoid timing discrepancies, operate in advance.

2. Why Is Domestic Gold Price Higher Than Converted Price?

• Includes buy-sell spreads (platform profit source).
• Premiums may exist.

3. How to Break Even at High Prices?

• Single transactions are essentially “cutting losses.” Even with full positions, you can achieve this through single trades. The key is to sell high and buy back at a lower price, maintaining the total position (weight). Through multiple high-sell-low-buy operations, you can not only reduce the average holding cost but also potentially gain some price differences.

4. Where to Check Premiums?

• Search for “Premium” in the Pocket Precious Metals app.