SHANGHAI, Aug. 26 (SMM) -- Most active SHFE 1112 gold contract prices opened RMB 1.31/gr higher on August 26th and closed at RMB 367.8/gr, up RMB 3.11/gr or 0.85% from previous trading day. Highest and lowest prices during the day were RMB 370.4/gr and RMB 364.45/gr. Shanghai Gold Exchange (SGE) Au9999 spot gold closed at RMB 368.9/gr, up RMB 5.7/gr from previous trading day.
As global gold prices rebounded overnight, Shanghai gold prices opened slightly higher with a widening fluctuation range during the day, and reported larger gains at the tail of trading. Both market transactions and positions dropped further, indicating a cautious sentiment among investors as they stay out.