Beijing Bank App Savings Gold Business Resumes Trading

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On March 3rd, the Beijing Bank App showed that the bank’s precious metals section has been relaunched with the stored gold business.

Earlier, on March 2nd, a netizen shared on social media that the real-time purchase price for stored gold in Beijing Bank’s mobile app reached 1.6 yuan/gram in the morning. Afterwards, the stored gold module was removed from the precious metals section on the app, leaving only physical and agency precious metals.

In the afternoon of March 2nd, Beijing Bank issued a notice via the mobile banking app stating that the stored gold business was suspended and expected to resume on March 3rd.

Additionally, according to social media users, on the evening of March 2nd, Beijing Bank sent SMS notifications to customers who purchased stored gold at 1.6 yuan/gram that day: “Due to the significant deviation of today’s stored gold purchase quotes from normal prices, our bank has canceled your purchase, fixed investment, and redemption transactions made at the deviated prices. We apologize for the inconvenience and thank you for your understanding.”

(Beijing Bank)

(Edited by: Qian Xiaorui)

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