Shanghai gold futures close lower

SHANGHAI - Gold futures closed lower Friday in daytime trading on the Shanghai Futures Exchange.

The most active gold contract for December 2020 delivery was down 3.24 yuan (46 US cents) to close at 401.88 yuan a gram.

The total trading volume for seven listed gold futures contracts on the exchange was 219,750 lots, with a turnover of about 88.6 billion yuan.

China launched gold futures in January 2008.