Comprehensive Gold Investment Guide
Feb 10. 2025

AI Summary
This AI-generated content is derived from the source article and has been manually verified.
Loading.

Gold Buying Process (Using JD Finance as an Example)

  1. Account Setup
  • Download the JD Finance app → Complete identity verification → Link your bank account.
  1. Fund Transfer
  • Recharge your gold account balance via bank card or JD Xiaojinku.
  1. 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.
  1. 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.”
  1. 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)

  1. Monitoring Tools

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).
  1. 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.
  1. Why Is Domestic Gold Price Higher Than Converted Price?
  • Includes buy-sell spreads (platform profit source).
  • Premiums may exist.
  1. 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.
  1. Where to Check Premiums?
  • Search for “Premium” in the Pocket Precious Metals app.
> comment on / twitter
>
CC BY-NC-SA 4.0 2021-PRESENT © Ryan uo