Main Gold Exchanges Globally

Gold is one of the most valuable and sought-after commodities in the world, with a long and fascinating history dating back thousands of years. Today, goldis traded on a variety of exchanges around the world, with each exchange offering its own unique features and benefits for traders and investors.

Here is a list of the major gold exchanges around the world:

London Bullion Market (LBMA) – The LBMA is the largest and most well-known gold market in the world, with a trading volume of around 18.3 million ounces per day. Located in London, the LBMA operates as an over-the-counter (OTC) market, with traders negotiating deals directly with each other.
Shanghai Gold Exchange (SGE) – The SGE is the largest gold exchange in Asia, with a trading volume of around 10.2 million ounces per day. Established in 2002, the SGE is located in Shanghai and operates as a centralized exchange, with all trades being executed through the exchange’s electronic platform.
New York Mercantile Exchange (NYMEX) – The NYMEX is the largest commodity futures exchange in the world, and it offers a wide range of gold futures contracts for traders and investors. The NYMEX is located in New York City and has a trading volume of around 4.6 million ounces per day.
Dubai Gold and Commodities Exchange (DGCX) – The DGCX is the largest and most active derivatives exchange in the Middle East, with a trading volume of around 2.2 million ounces per day. Established in 2005, the DGCX is located in Dubai and offers a range of gold futures contracts, as well as other commodities and financial products.
Tokyo Commodity Exchange (TOCOM) – The TOCOM is the largest commodities futures exchange in Japan, and it offers a range of gold futures contracts for traders and investors. The TOCOM is located in Tokyo and has a trading volume of around 225,000 ounces per day.
Istanbul Gold Exchange (IGE) – The IGE is the largest gold exchange in Turkey, with a trading volume of around 187,000 ounces per day. Established in 1995, the IGE is located in Istanbul and operates as an over-the-counter market, with trades being executed through a network of authorized brokers.
Hong Kong Mercantile Exchange (HKMEx) – The HKMEx is the only commodity exchange in Hong Kong, and it offers a range of gold futures contracts for traders and investors. The HKMEx was established in 2011 but closed its operations in 2015 due to low trading volumes.

These are just a few of the major gold exchanges around the world, and there are many other exchanges that offer gold trading as well. Each exchange has its own unique features, benefits, and trading volumes, so it’s important for traders and investors to do their research and choose the exchange that best meets their needs and objectives.

In conclusion, goldtrading is an important and fascinating part of the global economy, and the many gold exchanges around the world play a vital role in facilitating this trade. Whether you are a seasoned trader or a newcomer to the world of gold trading, there is sure to be an exchange that meets your needs and helps you achieve your financial goals.

This article has been written by Pooyan Ghamari | Blockchain and Technology Visionary

Instagram