The above gold price in Hong Kong is updated each minute. Data is retrieved continuously from all major marketplaces (LBMA/NYMEX, GLOBEX and HONG KONG) 24 hours a days, 7 days a week.
The “spot price” is the reference price for one troy ounce. This unit of measurement is used on professional spot trading markets. A troy ounce is 31.1 grams.
You can view all rates on GoldRate-Today.com based on the spot price in EUR (Euros), Swiss Francs, British Pounds (GBP) and more currencies like CNY.
Every minute, the Hong Kong gold price is updated. This data is derived from the gold price converted to US Dollars at the USD/HKD exchange rate.
Hong Kong is officially called the Hong Kong Special Administrative Region of China. Hong Kong, located south-east of the Chinese mainland, is an autonomous territory. It is home to more than 7 million people, making it one of the most densely populated areas in the world.
In 1997, Hong Kong was designated a special administrative area of China. Hong Kong operates with a one-country-two system philosophy, which allows it to retain a high degree of autonomy from China. Hong Kong is its own government, with the exception of foreign affairs and defense.
Hong Kong is one the world’s most important financial centers. This area has been a popular destination for tourists and travelers.
Hong Kong’s official currency is the Hong Kong Dollar. The dollar, like many other currencies around the world, can be broken down into 100 smaller units called cents. The Hong Kong Monetary Authority issues and controls Hong Kong’s currency. This authority, which was established in April 1993, is the de facto central bank of the region.
You will see prices in Hong Kong if you want to buy gold. Prices may also be available for purchase in U.S. dollars. Dollars, Great British Pounds and Japanese Yen are all acceptable options. The usual price for gold is per ounce, gram, or kilo.
Hong Kong is home to the Chinese Gold and Silver Exchange. The exchange was established in 1910 and is the only one that allows physical gold and silver trading. It has over 170 members. The exchange trades 99 tael and kilobars via an open outcry system, as well as other products made of gold.
The “Hong Kong Precious Metals Assay Center” is an accredited assay centre.
Many gold coins were produced over the years for Hong Kong. Some of these coins are highly collectible. The Royal Visit, Dragon, Snake, Monkey, Pig, Tiger, and many other series are derived from this region. Many of Hong Kong’s gold coins are minted by The British Royal Mint as a tribute to Queen Elizabeth II, since it was British colony from 1842 to 1997.
These coins are great additions to any coin collection. However, they may have a higher per-ounce price than standard bullion coins. Collector coins are valued for more than their metal content. They also have face value, condition, mintage, rarity, and other factors. Rare coins and proofs may have higher dealer and collectibility premiums than standard bullion coins. They also might not be as liquid. Bullion bars or coins are better than collectibles if you want to get as much gold as possible.
The rising prominence of Hong Kong as a global financial centre could mean that the region’s gold trade could grow significantly as the demand for the metal grows.