The Biggest Gold Exchanges in the World
content-team
Gold has been a highly valued commodity for centuries and remains an important investment and trading asset today. Gold is traded globally in a variety of ways, including physical exchange, futures contracts, and exchange-traded funds (ETFs). Here is a list of some of the most reputable gold exchanges and spots for gold trade around the world:
-
London Bullion Market Association (LBMA) - The LBMA is a trade association that represents the London gold and silver market. It oversees the global market for gold and is responsible for setting the benchmark price for gold.
-
New York Mercantile Exchange (NYMEX) - The NYMEX is a commodity futures exchange that is part of the CME Group. It trades in gold futures contracts and is one of the most active markets for gold trading in the world.
-
Shanghai Gold Exchange (SGE) - The SGE is a physical gold exchange in China that is owned by the Chinese government. It is the largest gold exchange in the world and is responsible for setting the benchmark price for gold in China.
-
Tokyo Commodity Exchange (TOCOM) - The TOCOM is a commodity futures exchange in Japan that trades in gold futures contracts.
-
Dubai Gold and Commodities Exchange (DGCX) - The DGCX is a futures exchange in the United Arab Emirates that trades in gold futures contracts.
-
Chicago Mercantile Exchange (CME) - The CME is a futures exchange that trades in gold futures contracts and options. It is one of the largest futures exchanges in the world.
-
Istanbul Gold Exchange (IGE) - The IGE is a physical gold exchange in Turkey that is responsible for setting the benchmark price for gold in Turkey.
-
Hong Kong Mercantile Exchange (HKMEx) - The HKMEx is a futures exchange in Hong Kong that trades in gold futures contracts.
-
Multi Commodity Exchange (MCX) - The MCX is a commodity futures exchange in India that trades in gold futures contracts.
-
Zurich Gold Market - The Zurich Gold Market is a physical gold exchange in Switzerland that is responsible for setting the benchmark price for gold in Europe.
In addition to these exchanges and spots for gold trade, there are also a number of ETFs that track the price of gold, such as the SPDR Gold Shares (GLD) and the iShares Gold Trust (IAU).
Investors and traders who are interested in gold can take advantage of these exchanges and markets to buy and sell gold in various forms. As with any investment, it is important to conduct thorough research and consider the risks before investing in gold.
Overall, the gold market is diverse and dynamic, with a range of options for investors and traders around the world.
This article has been written by Pooyan Ghamari | Blockchain and Technology Visionary
