Shanghai gold futures close lower

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

The most active gold contract for December 2020 delivery was down 13.48 yuan ($1.95) to close at 418.28 yuan a gram.

The total trading volume for eight listed gold futures contracts on the exchange was 485,254 lots, with a turnover of about 205.55 billion yuan.

China launched gold futures in January 2008.