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The Chinese Gold and Silver Exchange Society (CGSE; 金銀業貿易場) is an organisation of gold trading firms in Hong Kong who are participants of the Chinese Gold and Silver Exchange, the first exchange in Hong Kong. [1] The Chinese Gold and Silver Exchange was established in 1910 and has a history of more than 110 years.
Gold prices (US$ per troy ounce), in nominal US$ and inflation adjusted US$ from 1914 onward. Price of gold 1915–2022 Gold price history in 1960–2014 Gold price per gram between Jan 1971 and Jan 2012. The graph shows nominal price in US dollars, the price in 1971 and 2011 US dollars.
Hong Kong Monetary Authority 香港金融管理局; Headquarters: International Finance Centre, Central, Hong Kong: Established: 1 April 1993; 31 years ago () Chief Executive: Eddie Yue: Central bank of: Hong Kong: Currency: Hong Kong dollar HKD Bank rate: 2.75% (as of 28 July 2022) [1] Interest on reserves: None: Website: www.hkma.gov.hk
The gold price was determined to be £4 18/9 (GBP 4.9375) per troy ounce. The New York gold price was US$19.39. The first few fixings were conducted by telephone until the members started meeting at the Rothschild offices in New Court, St Swithin's Lane.
The tael is a legal weight measure in Hong Kong, and is still in active use. [2] In Hong Kong, one tael is 37.799364167 g, [2] and in ordinance 22 of 1884 is 1 + 1 ⁄ 3 oz. avoir. Similar to Hong Kong, in Singapore, one tael is defined as 1 + 1 ⁄ 3 ounce and is approximated as 37.7994 g [3]
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