The Korea Exchange (KRX) gold market, launched on March 24th this year, achieved a record-high daily trading volume exceeding 10kg in 44 trading days, on May 27th.
The record marked 11.2kg of daily traded gold, valued equivalent to KRW408 mil. Cumulative amount of gold that has been delivered to a depository organization for trading on the KRX gold market till date was 156kg. The previous record, now the second largest, of daily trading volume dates back to May 8th, numbered 9.7kg.
<Trading Trend of the KRX Gold Market>
ㅇ Average daily trading volume (g) : 3,787
ㅇ Cumulative trading volume (g) : 166,634
ㅇ Average daily trading amount (KRW mil.) : 166
ㅇ Cumulative trading amount (KRW mil.) : 7,310
Major market participants in the KRX gold market are precious metals enterprises and individuals, each dominating 49.6% and 50.4% in the pie of total trading volume, respectively. Conditional block trading and other measures to be introduced are anticipated to help increase the number of the precious metals enterprises in the KRX gold market.
FTSE Mondo Visione Exchanges Index:
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KRX Gold Market Daily Trading Volume Hits 10Kg
Date 28/05/2014
