Editor’s Note
China National Gold Group has suspended its precious metals repurchase services on weekends and public holidays, citing market volatility and aligning with the Shanghai Gold Exchange’s schedule. This change is effective immediately across all channels.
China National Gold Group Co Ltd announced on Saturday that it will suspend its precious metals repurchase services on Saturdays, Sundays, and public holidays, effective immediately. The move is said to reflect mounting volatility in the precious metals market. The suspension will apply across all repurchase channels — both offline and online — and align with the non-trading days of the Shanghai Gold Exchange.
The company cited “significantly intensified fluctuations” in precious metals prices in recent weeks, alongside “heightened uncertainty” in global markets, as primary reasons for the decision.
China Gold also unveiled a broader restructuring of its repurchase operations, aimed at improving risk management, operational efficiency, and customer service.
Liu Zhigeng, a leading fiscal and tax expert, told CNR News that the decision to suspend repurchase services on non-trading days reflects an effort by China Gold to mitigate operational risks in an increasingly unstable market.
