Chinese banks roll out promotions for accumulated gold amid sharp gold price swings

According to China Securities Journal, published on 6 November 2026, domestic banks have launched a range of promotional offers for accumulated gold products, after sharp swings in gold prices drew fresh investor interest.

The price of domestic accumulated gold fell to the eight-hundred-yuan range per gram before rebounding strongly. By 17:00 on 5 November, Bank of Nanjing’s mobile application quoted its accumulated gold purchase price at 885.42 yuan per gram, marking a rise of 2.07 per cent for the day.

State-owned, joint-stock and city commercial banks have introduced temporary commission discounts. Bank of Nanjing’s year-end gold savings scheme runs until the end of the calendar year. Clients trading more than 500 grams within the year qualify for a ten per cent rate on buying commissions and a fifty per cent rate on selling commissions, while clients trading 500 grams or less receive a fifty per cent discount on both buying and selling charges. The offer is open to customers in Jiangsu, Beijing, Shanghai and Hangzhou. The standard buying commission stands at 0.10 per cent and the standard selling commission at 0.30 per cent.

Industrial and Commercial Bank of China, China CITIC Bank and Zheshang Bank have also introduced commission concessions. Industrial and Commercial Bank of China has waived commissions for scheduled and regular accumulated gold purchases for a limited period. Zheshang Bank has removed subscription commissions, while a charge of 0.4 per cent applies to redemptions. Bank of China operates a separate structure, offering a one-yuan reduction per gram for purchases or scheduled deductions made each Friday through its Shenzhen branch WeChat channel.

Bank insiders note that transaction costs are not limited to explicit commissions. A spread separates the quoted buying and selling prices for accumulated gold, and this gap varies widely between institutions.

Bank of Nanjing has introduced limit-order trading for accumulated gold, allowing clients to submit buy or sell orders at chosen price levels. Orders execute automatically once the bank’s quoted price meets the preset threshold. A ten-yuan voucher is available to clients completing their first limit-order trade during the campaign.

Banks have maintained risk controls alongside marketing activity. On 4 November, Bank of Nanjing issued a market risk notice for precious metals, advising clients to manage positions carefully amid heightened price volatility. Industrial and Commercial Bank of China and China Everbright Bank issued similar warnings in the preceding days, reminding customers to monitor market movements, control holdings and track margin balances.