Beijing, March 5 (Xinhua) - China's reference prices for interbank gold transactions were under Friday, according to China's currency trading system.

The reference price for gold of 99.95 percent pure or higher was located at 358.42 yuan (around 55.22 US dollars) per gram, lowered 3.21 yuan day For previous negotiation, and that for gold of 99.99 percent pure or above was 3.08 yuan below to 359 yuan per gram.

Point transaction prices in the interbank price market are allowed to upload or lower within 15 percent of reference prices each day of negotiation.

The Intebancha gold price consultation business was introduced in 2012 to improve market liquidity and enrich trading models. EndItem

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