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Gold Buying Process (Using JD Finance as an Example) #
- Account Setup
- Download the JD Finance app → Complete identity verification → Link your bank account.
- Fund Transfer
- Recharge your gold account balance via bank card or JD Xiaojinku.
- 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.
- 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 #
- Unit Conversion
- 1 ounce ≈ 31.1035 grams.
- Domestic prices are quoted in “CNY/gram,” while international prices are quoted in “USD/ounce.”
- 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.
How to Monitor Gold Prices #
Global Trading Session Comparison Table (2025) #

- Monitoring Tools
- JD Finance app for real-time gold prices/Online View.
- Jin10 Data
- NY Gold CFD
Onshore vs Offshore & Domestic Gold Price Rationality #
- 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).
- Different Actual Trading Prices
- Platforms may charge spreads or fees (e.g., JD Finance charges a 0.3% selling fee).
Frequently Asked Questions #
- 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.
- Why Is Domestic Gold Price Higher Than Converted Price?
- Includes buy-sell spreads (platform profit source).
- Premiums may exist.
- 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.
- Where to Check Premiums?
- Search for “Premium” in the
Pocket Precious Metals
app.