On March 24, financial news reported that China Merchants Bank recently issued a notice regarding adjustments to the spreads for its gold account business. Due to increased volatility in the gold market, the bank has adjusted the bid-ask spread for gold account transactions at the same quotation time to 5 RMB per gram starting March 23, in order to mitigate associated risks. The adjustment includes an increase of 2 RMB per gram on the buy side, while the spread on the sell side remains unchanged. The revised spread framework is expected to remain in effect until June 27.
Beginning with the market opening on June 29, 2026, the bid and ask spreads for China Merchants Bank's gold account business at the same quotation time will be adjusted to 2.5 RMB per gram each.
A customer service representative from China Merchants Bank stated that in order to adapt to market changes and business development needs, the bank adjusts trading spreads between buy and sell prices for gold accounts based on actual market conditions. The specific spread amounts are subject to the figures displayed on the trading interface.