2025年8月上海黄金交易所市场综述

Summary of Key Points Core Viewpoint - The Shanghai Gold Exchange reported a decline in trading volumes and values across various precious metals in August 2025, despite international gold prices reaching new highs. Group 1: Trading Volume and Value - In August 2025, the total trading amount for various contracts on the Shanghai Gold Exchange was 32,007.63 billion yuan, a year-on-year decrease of 7.9%, with inquiry trading accounting for 75.4% at 24,144.86 billion yuan [1] - The trading amounts for member proprietary and agency businesses were 29,985.63 billion yuan and 2,202 billion yuan, respectively [1] - The gold trading volume was 4,020,058.88 kilograms, down 32.5% year-on-year, with a trading value of 31,158.17 billion yuan, a decrease of 7.7% [1] Group 2: Precious Metals Performance - International gold prices reached a record high of 3,447.95 USD/ounce, increasing by 151.62 USD from the previous month [2] - The trading volume for platinum was 8,284 kilograms, down 45.1%, with a trading value of 26.43 billion yuan, a decrease of 21.6% [1] - Silver trading volume was 8,972,768 kilograms, down 33.8%, with a trading value of 823.04 billion yuan, a decrease of 16.1% [1] Group 3: Domestic Market Trends - The Au99.99 gold contract opened at 767 yuan/gram and closed at 781.71 yuan/gram, reflecting a monthly increase of 14.35 yuan/gram, or 1.87% [3] - The average price for gold this month was 775.78 yuan, up 3.52 yuan from the previous month [3] - The silver Ag (T+D) contract opened at 8,891 yuan/kilogram and closed at 9,365 yuan/kilogram, with a monthly increase of 367 yuan/kilogram, or 4.08% [3] Group 4: Delivery and Physical Outflows - The total gold delivery volume was 502,656.88 kilograms, with a physical outflow of 84,971 kilograms [4] - The total silver delivery volume was 1,025,220 kilograms, with a physical outflow of 163,215 kilograms [4]