On November 7, gold prices hit a peak at 200.80 yuan/g and closed at 200.00 yuan/g in the Shanghai Gold Exchange (SGE). Prices have increased by 20 percent from 167 yuan/g as of two months ago.
Meanwhile investors are showing great passion for investing in gold. Reportedly, Beijing's Wangfujing Department Store saw the price of gold bars soar to 210 yuan/g, the highest in its history. Currently all of the store's gold bars have sold out.
In the A-share market, the gold company shares are very hot. The share price of Shandong Gold Mining Co., Ltd increased 7.61 percent and that of Zhongjin Gold Corporation Limited jumped 8.27 percent on November 7.
For more details, please read the full story in Chinese. (http://www.bbtnews.com.cn/news/channel/political31609.shtml)
(China.org.cn November 8, 2007)